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Princeton Board approves tentative 2026–27 budget after superintendent flags $743,000 shortfall
Summary
The Princeton Board of Education approved a tentative 2026–27 budget and submitted it to the county after Superintendent Dr. L'Souza outlined state‑aid shifts, steep health‑insurance increases and a roughly $743,000 gap the board must close before final adoption on April 28.
The Princeton Board of Education approved a tentative 2026–27 budget as part of the meeting’s consent agenda after Superintendent Dr. L'Souza warned the district faces a roughly $743,000 shortfall and urged the board to finalize reductions or new revenue before the county review and the final vote on April 28.
Dr. L'Souza told the board that Princeton’s revenue mix — chiefly a local tax levy that contributes more than 80% of operating funds — is strained by a 2% levy cap, rising salaries and sharp health‑insurance premium increases. “We’re short right now as we speak about $743,000,” he said, adding that the district must adopt a balanced preliminary budget that night and submit it to county review.
Why it matters: the preliminary (tentative) budget sets…
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