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Board adopts tentative $29.1 million 2026–27 budget, schedules April 29 public hearing
Summary
The Woodland Park Board of Education adopted a tentative 2026–2027 budget with total expenditures of $29,134,835 and set a public hearing for April 29. The board also approved a $339,366 adjustment for health benefits and a $500,000 capital-reserve withdrawal for a partial roof replacement at Charles Olbon School.
The Woodland Park Board of Education adopted its tentative budget for the 2026–2027 school year at the March 25, 2026 meeting and authorized submission to the Executive County Superintendent for approval.
Key budget figures the board recorded (Resolution 226-273) include: General Fund expenditures of $24,519,756; Special Revenue of $4,111,329; Debt Service of $503,750; for total expenditures of $29,134,835. Anticipated revenues total $8,511,563; the taxes to be raised were recorded as $20,623,272. The board also set a public hearing on the tentative budget for April 29 at 7:00 p.m. at the Woodland Park Municipal Building, 5 Brophy Lane.
In related finance votes, the board approved an adjustment to account for increased health-benefit costs of $339,366 (Resolution 226-274) and included a $500,000 planned withdrawal from Capital Reserve to partially fund a roof replacement at Charles Olbon School (Resolution 226-275). Those withdrawals and adjustments will be submitted as part of the budget package to the New Jersey Department of Education for approval.
The board also approved fiscal and programmatic items grouped under finance: a travel-and-related-expense reimbursement policy for 2026–2027 (maximum $60,000; Resolution 226-276), authorization to submit the district’s Preschool Education Aid budget totaling $3,194,150 to the NJDOE (Resolution 226-277), acceptance of the 2024–2025 SEMI corrective action plan (226-278), and ratification of several contracts for homebound instruction services (Resolutions 226-279 through 226-281).
