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Swedesboro-Woolwich Board adopts $39.9 million 2026-27 budget, to use banked cap for staff retention
Summary
The Swedesboro-Woolwich Board of Education on April 29 adopted a $39,903,552 budget for 2026-27, including a $1,006,184 health-benefit adjustment and use of $784,256 in banked cap to support staff retention; the vote was recorded 9-0.
The Swedesboro-Woolwich Board of Education voted to adopt the district’s 2026-2027 tentative budget at its April 29 meeting.
The budget totals $39,903,552 across the general, special revenue and debt-service funds, with general-fund expenditures of $36,112,957. Anticipated revenues total $15,615,828, leaving taxes to be raised of $24,287,724 for the 2026-27 year. The board recorded the adoption on a roll call vote with all nine members recorded as voting yes.
The adopted budget includes a $1,006,184 adjustment to cover increased health benefit costs and uses $784,256 of banked cap to increase the general-fund tax levy above the 2% cap. The minutes state the district intends to use the additional funds to support staff retention and delivery of services and to complete those purposes by June 2027.
The resolution also authorizes up to $59,610 in travel and related expense reimbursements for board and staff in accordance with N.J.A.C. 6A:23A-7.3, and directs the School Business Administrator/Board Secretary to submit the tentative budget to the Executive County Superintendent of Schools in accordance with statutory deadlines. The board moved the recommendation (Baker/Riley) and the roll-call adoption is recorded in the minutes.
The district will advertise the approved budget in the South Jersey Times and post required legal notices on the district website as required by law.
