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Middletown school officials present $277.1 million budget proposal, estimate 2.9% tax levy increase
Summary
District leaders presented a $277.1 million proposed spending plan that relies on roughly $190 million in operating state aid and a 2.9% tax-levy increase while avoiding use of fund balance; final numbers hinge on the state budget and a May 20 vote.
Superintendent Creedon and district staff presented a $277,122,504 proposed budget for the 2025-26 school year to the Enlarged City School District of Middletown Board of Education on April 10, 2025, saying the plan would not use fund balance and anticipates a 2.9% tax-levy increase.
District presenters told the board the plan relies on the state’s January aid run and on estimates that put total state aid at about $193 million this year, with roughly $190 million of that available for operating purposes after excluding universal prekindergarten funds. Local tax revenue is projected at a little more than $75 million; other revenues are estimated at about 3.2% of the total. The district said the proposed spending increase is…
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