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Franklin Borough Board of Education adopts amended preliminary budget for 2026–2027
Summary
The Franklin Borough Board of Education approved an amended preliminary budget totaling $15,289,845 for fiscal year 2026–2027, set spending limits for professional services and travel, authorized a maintenance-reserve withdrawal and scheduled a public hearing for April 27, 2026.
The Franklin Borough Board of Education voted April 14 to approve an amended preliminary budget for the 2026–2027 school year totaling $15,289,845.
On a motion by Wayne Bartron, board member, seconded by Rachel Kabbash, board member, the board approved the resolution authorizing submission of the amended preliminary budget to the Executive County Superintendent of Schools and directed that it be advertised in the NJ Herald. The proposed budget lists $13,401,791 for the General Fund and $1,888,054 for Special Revenue, with taxes to be raised of $7,640,089.
The board set a public hearing to consider the budget on Monday, April 27, 2026, at 7:00 p.m. in the Franklin Borough School library, 50 Washington Avenue.
Business Administrator and Board Secretary Carlos Sarmiento and Superintendent John R. Giacchi were listed as presenters for the budget materials. The minutes show that the board opened the meeting for public comment on the amended preliminary budget but that no members of the public addressed the board.
As part of the session the board established maximums for professional services for 2026–2027 in compliance with N.J.A.C. guidance: Legal services $25,000, Audit $38,964, Physician $8,000 and Architect/Engineer $12,537. The district also adopted a travel and expense reimbursement cap of $32,750 for the year; the record notes $346.43 in travel expenditures through March 19, 2026.
The board authorized a $253,844 withdrawal from the Maintenance Reserve for required facility maintenance reported in the district’s comprehensive maintenance plan. The proposed budget includes a Health Care Costs adjustment of $291,220 to cover increased premium costs and applies $222,898 in banked cap to support certificated and non-certificated staff salaries and higher out-of-district tuition costs.
The meeting minutes record the procedural motions as carried by unanimous voice vote. The agenda opened and closed both the budget-related public comment period and a separate general public-comment period without any speakers. The board adjourned at 6:12 p.m.
