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South Orange‑Maplewood previews lean 2025–26 budget; tax rate projected to rise to $1.50
Summary
Superintendent Bing and Business Administrator Moody presented a preliminary 2025–26 budget projecting $170.2 million in operating revenue, a 2% tax levy increase, a planned draw of about $4.45 million in fund balance and a projected overall tax rate of $1.50. Final adoption is scheduled for April.
Superintendent Bing and the district’s new business administrator, Mr. Moody, told attendees at a South Orange‑Maplewood School District town hall that the preliminary 2025–26 budget projects approximately $170,225,226 in general operating revenue and reflects a 2% increase in the local tax levy.
The presentation, led by Mr. Moody, said the forecast includes an enrollment waiver estimating about 200 new students and a reported 6% increase in state aid that added roughly $619,000. “Our general operating revenue for 25–26 is projected to be…170,225,226,” Mr. Moody said during the webinar.
Why it matters: The district plans to use a combination of revenue, targeted use of reserves and cost‑saving measures to balance the budget while holding…
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