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Ridgewood board adopts tentative 2026–27 budget, taps reserves to cover rising health costs
Summary
The Ridgewood Board of Education approved a preliminary 2026–27 budget for county review and authorized withdrawals from capital, maintenance and emergency reserves to cover sharp increases in health‑benefit premiums. The action includes a one‑time transfer from the Infant Toddler Development Center enterprise fund and advances final adoption to the May 4 meeting.
The Ridgewood Board of Education voted to adopt a tentative 2026–27 budget that relies on reserve withdrawals and a state waiver to absorb substantial increases in health‑benefit costs.
Superintendent Dr. Schwartz and the district business office framed the budget as a response to sharply rising health insurance premiums, declining state aid and higher out‑of‑district tuition costs. Dr. Schwartz said the district's projected health premium obligation for the coming year is in the neighborhood of $19,000,009 and described that rise as the chief driver of the…
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