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Springfield Board adopts $58.06 million budget, sets $46.11 million tax levy for 2025-26
Summary
The Springfield Board of Education on April 28 adopted a $58,061,006 final budget for school year 2025'26, including a $46,108,768 local tax levy, after a public hearing without comments. The budget was previously approved as tentative by the Executive County Superintendent.
The Springfield Board of Education adopted its final budget for fiscal year 2025-2026 at its April 28 regular meeting, approving total expenditures of $58,061,006 and a local tax levy of $46,108,768.
The Finance Committee presented the final budget, which shows $52,461,898 in the General Fund, $3,338,526 in Special Revenue, and $2,260,582 in Debt Service. Anticipated revenues of $7,850,024 (General Fund) reduce the amount to be raised through taxes to the adopted levy. The board noted the tentative budget had been approved by the Executive County Superintendent of Schools on March 26, 2025.
Dr. Goldberg and district staff presented the budget during the superintendent's report. The public hearing on the budget drew no speakers. The board moved to adopt the final budget and tax levy; the motion was approved by roll call with members voting to adopt the budget as presented.
Board members emphasized that the budget reflects operational and capital planning within the district's long-range facilities work. The board also certified monthly budgetary status reports and approved the board secretary/treasurer reports for periods ending Feb. 28 and March 31, 2025, consistent with N.J.A.C. 6:20-2.13.
What happens next: With the board's adoption, the budget will be posted per statutory requirements and implemented for the 2025-26 fiscal year. The board noted previously that some capital projects referenced in the budget will be bond-funded or capital-reserve funded and subject to separate approvals and procurement processes.
