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Pennsauken board moves to submit $177.7 million tentative budget, authorizes up to $6 million from capital reserve
Summary
At its March 18 meeting the Pennsauken Township Board of Education voted to submit a $177,729,061 tentative 2025–2026 budget to the State and approved resolutions authorizing up to $6 million from capital reserve and up to $600,000 from maintenance reserve for facility projects.
The Pennsauken Township Board of Education on March 18 recommended submitting a tentative 2025–2026 budget totaling $177,729,061 to the State of New Jersey and approved authorizations to use reserve funds for upcoming facility work.
The proposed budget includes a General Fund of $161,744,816 and a local tax levy of $47,594,677. Board documents show the district will not seek Banked CAP for 2025–2026.
School business officials outlined a multi-part capital improvement project and asked the board to permit up to $6,000,000 to be withdrawn from the…
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