Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Budget workshop outlines revenue mix, referendum impact and projected pressures on Princeton schools
Summary
District staff presented a large-picture budget workshop covering revenues, the recently passed referendum, calendar adjustments, rising costs for health care and transportation, and timelines for the tentative and final budget adoptions.
Princeton Public Schools staff presented a budget workshop to the Princeton Board of Education on Feb. 4, 2025, outlining the district’s revenue mix, the financial effects of a recently passed referendum and projected budget pressures for the coming years.
Matt Bolden, speaking for district finance staff, said local sources provide about 92% of the district’s revenue while state funding accounts for roughly 8 percent. He told the board that a recent referendum passed by voters will increase the district’s debt service levy to support capital projects and that Moody’s will re-review the district’s bond rating as new debt is issued. “We maintained our AAA rating,” he said of past issuance, noting the larger borrowing planned will receive scrutiny.
Bolden walked the board…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
