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Galloway Township board approves submission of $79.95 million FY26 budget; recommends 2% levy plus bank cap
Summary
The Galloway Township Public School District presented a proposed $79,946,056 FY26 budget and the board voted to submit it to the county; administrators said a $1.6 million state-aid increase was capped and a recommended 2% tax levy plus a partial bank-cap use would yield an average $28.86 annual tax impact on a $200,000 home.
The Galloway Township Public School District on March 17 presented a proposed $79,946,056 general-fund budget for the 2025–26 school year and voted to submit the proposal to the Atlantic County executive superintendent of schools.
District Business Administrator Joy Nixon said the district will receive an increase of about $1,600,000 in categorical state aid this year but that state-imposed caps limited districts to a 6% increase; she said the district was entitled to roughly $3,200,000 under the funding formula but received about half that amount. "We were capped to a 6% maximum of the current year state aid,"…
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