Freehold Township School District adopts $89.38 million 2025-26 budget; tax levy rises about 4.3%

The Freehold Township School District board approved the district’s final 2025-26 budget, totaling $89,380,691, during its regular meeting. The board adopted the budget by voice vote after a presentation from the district’s business office.

Robert Davide, the school business administrator and board secretary, led the presentation, saying, “This is our final budget presentation. Nothing has changed from the last time we met when we approved the tentative budget.” He told the board the net new taxes total about $3,300,000, a roughly 4.3% increase from the prior year.

The budget document shown to the board lists the general fund at the center of district revenue. Davide said the general fund tax levy rises 4.1% once the district takes a health-care waiver and the debt-service tax levy rises 6.8%. He also noted a modest offset from a decreased Verizon tax assessment and said the district’s assessed value is estimated to have increased…