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Franklin Township board advances preliminary $246.6 million budget; health care and transportation costs drive increases
Summary
The Franklin Township Board of Education advanced its preliminary 2026–27 budget during a regular meeting, with administrators citing steep health‑care and transportation cost increases, a modest capital-reserve withdrawal for the Next Tech Academy, and continued investments in mental‑health supports and safety systems.
The Franklin Township Board of Education on Monday reviewed and advanced a preliminary 2026–27 budget that school officials said would protect existing programs while responding to sharp increases in health‑care and transportation costs.
Stephen Fried, the district’s school business administrator, told the board the operating budget is projected at $246,584,005.75, an increase of about 4.59% over the current year. Fried also described a projected tax-levy framework that uses the 2% general growth cap plus an $11 million health‑care adjustment the district plans to take this year to offset rising insurance costs.
The administration told trustees that the district faces a multi‑million dollar impact from higher health insurance (whose plan the presenters said rose by roughly 30%) and transportation expenses (estimated increases in the 5%–7% range, including charter‑school tuition). Presenters…
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