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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officials outlined a multi-part capital improvement project and asked the board to permit up to $6,000,000 to be withdrawn from the district’s Capital Reserve Fund to pay part of the work. The package listed in the agenda includes an eight-classroom addition to Baldwin preschool, elementary school intercom replacements, an addition and HVAC work at the administration building, an auto shop paint booth and mezzanine at Pennsauken High School, facility procurement to support transportation relocation, and the purchase of ten new buses.
Separately, the board recommended authorizing up to $600,000 from the Maintenance Reserve Fund for a set of maintenance projects identified in the agenda, including asbestos floor removal/replacement at elementary schools, replacement of roughly 100 doors at the middle and high schools, auditorium sound and projector upgrades, roof and playground resurfacing, and other facility repairs.
The motions to approve the tentative budget submission and the reserve withdrawals were carried during the business and finance block of the agenda. The board’s bill list and finance packet included a March 2025 general fund bill list and payroll that together totaled $12,711,033.03 for the period noted in the meeting materials.
Why it matters: the capital and maintenance reserve authorizations fund building and safety upgrades and the bus purchases the district described as part of normal fleet renewal. Use of reserve funds reduces the immediate local tax impact but commits district reserves to specific projects.
Next steps: the Secretary to the Board will submit the tentative budget to the New Jersey Department of Education for review under the statutory deadline; the board’s agenda notes that county review is required for certain personnel contracts before final approval.
