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Ridgewood board adopts $138.5 million 2024–25 budget, stays within 2% tax-levy cap
Summary
The Ridgewood Public School District board approved a $138,506,402 final budget for 2024–25 that keeps the tax levy increase to 2%, preserves current staff and programs and uses about $6.84 million in capital reserves for three state-eligible capital projects.
The Ridgewood Public School District board on Monday adopted its final $138,506,402 budget for the 2024–25 school year, preserving existing staff and programs while keeping the local tax levy increase to 2 percent.
Superintendent Doctor Schwarz told the board the district "has stayed under the 2%. We have not cut any programs. We have not cut any staff," and warned the board that a one-time state aid correction that helped balance this year’s budget is expected to expire after this year, creating pressure for future cost-savings.
Business administrator Julie Cott said major cost drivers include salaries and benefits, which together make up ‘‘just over 73%’’ of expenditures, and the administration budgeted a 12% increase for…
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