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Hackettstown board adopts 2026–27 tax levy schedule and authorizes up to $5.45M in year‑end transfers
Summary
At its June 10 meeting the Hackettstown Board of Education approved a 2026–27 tax levy schedule totaling $22,369,184 (general fund) and authorized transfers of up to $5,450,000 into designated reserves, among other finance actions including approval of vendor contracts and acceptance of grant funding.
The Hackettstown Board of Education on June 10 adopted the district’s tax-levy schedule for the 2026–27 school year and approved several major finance measures, including authorization to transfer available 2025–26 balances into reserve accounts.
The adopted tax-levy schedule sets monthly general-fund draws of approximately $1,864,099 and monthly debt-service draws of about $17,617, for a yearly total of $22,369,184 (general fund) and $211,408 (debt service). The business administrator presented the schedule during the finance portion of the agenda and the board approved it as part of the omnibus motion.
The board also authorized year-end transfers, not to exceed $1,000,000 to a Tuition Reserve, $2,750,000 to a Capital Reserve, $200,000 to an Emergency Reserve and $1,500,000 to a Maintenance Reserve, for a combined total not to exceed $5,450,000. The motion cites NJSA authorities (18A:21-2; 18A:7G-31; 18A:7F-41) that permit such transfers in June, and the board authorized the School Business Administrator to make transfers consistent with law.
Other finance approvals included the general fund bill list for May 7–June 10, 2026 totaling $4,260,136.10 and a cafeteria bill list totaling $71,500.16; approval of Secretary and Treasurer reports for May 31, 2026; approval of May budget transfers; and a slate of vendor and tuition contracts for special-education placements, technical support, waste and food services for SY26–27. The board accepted grant actions including a FOCUS continuation grant (Year 2) and authorized submission of the FY27 ESEA consolidated subgrant application and related documents.
The minutes note several members abstained on particular finance items (for example, Mr. Gavin and Mr. Burke abstained on listed check numbers) but record the omnibus motion as carried in roll call vote. The board also voted to reject the Perkins FY27 allocation per the award page presented.
Business Administrator James Schlessinger and Finance Committee chair Dr. Debra Grigoletti provided the updates and recommendations during committee reports. The board did not discuss additional detail about contract prices for every approved vendor in the public minutes; many contracts and grant documents were referenced as attachments to the agenda materials.
