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Parsippany-Troy Hills presents $198.5 million tentative budget; health-care spike leaves $749,000 gap
Summary
Superintendent Dr. Chase presented a tentative $198.5 million 2026–27 budget that relies on the tax levy (86%) and a state health-care adjustment; health-care costs rose about $8.1 million (31%), leaving roughly $749,000 still uncovered. The board is scheduled to adopt the final budget April 28 after a public forum April 16.
Superintendent Dr. Chase presented the Parsippany-Troy Hills Township School District’s tentative $198.5 million budget for 2026–27 and warned the board that a sharp rise in health-care costs is the primary pressure point.
“This year, it increased by $8,100,000 or approximately 31%,” Dr. Chase said, referring to the district’s employee health-care costs, and added that the increase is largely fixed and difficult to scale back. He said the district applied a state-permitted health-care adjustment but still faces about $749,000 in uncovered costs after that adjustment.
The superintendent said 86% of the tentative budget is funded by the local tax levy and about 8% by state aid, leaving limited revenue flexibility.…
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