Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Budget topic
No spam. Unsubscribe anytime.
New Providence Board approves $57.48M tentative 2026–27 budget, schedules April 30 public hearing
Summary
The New Providence Board of Education approved a tentative $57,475,030 budget for 2026–27, including a $1.36 million health-benefits adjustment and a $2.063 million appropriation of surplus; a public hearing is set for April 30, 2026 at 7:00 p.m.
The New Providence Board of Education voted on March 19 to adopt a tentative budget for the 2026–27 school year totaling $57,475,030 and authorized submission of that tentative plan to the Executive County Superintendent of Schools for review. Finance Chair Stacey Gunderman moved to approve Items 1–7 of the budget package; the motion carried on roll call.
“The spending plan reflects a 4.28% increase from the 2025/2026 school year budget,” Gunderman said during the presentation. The tentative budget lists general fund expenditures of $53,516,890.00 and total expenditures across funds of $57,475,030.00. Anticipated revenues are recorded at $8,008,413.00, leaving taxes to be raised of $49,466,617.00 across the listed funds.
The package includes a health-benefits cost adjustment of $1,362,819.00 to cover increases in premium costs and appropriates $2,063,000.00 of surplus into the tentative budget. The district reported state aid will decrease by 3% (a reduction of $94,127 compared with 2025–26), and estimated the tax impact for an average household at roughly 3.34%, or about $328 per year.
As part of the same motion, the Board adopted a travel-expenses resolution under Policy #6471 and set a maximum travel-expenditure cap of $74,300.00 for 2026–27 (the 2025–26 cap was $70,200.00, with $36,584.49 spent and $10,055.35 encumbered to date). The Board also approved annual maximum expenditures for professional services for the coming year: auditing services $42,500.00; architectural/engineering $5,000.00; legal services $50,000.00; public relations $58,706.00; and school physician services $38,000.00.
The board authorized the Board Secretary to publish the tentative budget after required county review and set a public hearing on the proposed 2026–27 budget for April 30, 2026 at 7:00 p.m. in the New Providence High/Middle School Media Center. Following that public hearing the Board will consider adoption of the final budget.
