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Mount Olive board adopts $136.5M 2026'27 budget after public hearing
Summary
After a public hearing, the Mount Olive Township School District Board approved its 2026'27 advertised budget, citing $39 million in state aid, a planned $1 million in extraordinary aid, and a tax-levy increase driven partly by a health-care adjustment; administrators estimated new staff costs at about $400,000 plus benefits.
The Mount Olive Township School District Board of Education approved its advertised 2026'27 budget during its public meeting, after a presentation by Superintendent Dr. Banjo and Business Administrator Mishoni and a period of board and public questions.
Business Administrator Mishoni told the board the district received a $275,000 decrease in state aid from earlier expectations and that state aid for the budget totals about $39,000,000. "Over the past five years, the district has lost about $5,000,000 in extraordinary aid," Mishoni said, adding that the district is budgeting about $1,000,000 in extraordinary aid for next year but must apply to the state and is not guaranteed full reimbursement. Mishoni said the…
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