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Palmyra Board adopts $27.86 million FY2026 final budget, sets $12.22 million tax levy
Summary
The Palmyra Board of Education adopted its FY2026 final budget on May 7, 2025, setting total appropriations at $27,855,344 and a local tax levy of $12,216,862. The budget includes a $79,214 Capital Reserve deposit and $750,000 in district surplus to supplement a March 2024 referendum.
The Palmyra Board of Education adopted its FY2026 final budget at the May 7, 2025 meeting. The board listed totals of $23,865,841 for the General Fund (local tax levy $10,930,216), $2,306,323 for Special Revenue, and $1,683,180 for Debt Service (tax levy $1,286,646), for combined totals of $27,855,344 and a local tax levy of $12,216,862.
Board materials accompanying the budget show line-item changes that drove the adjustments: an increase of $59,257 for special-education instruction to fund an additional special-education teacher in FY26 and an increase of $41,321 in health-benefits costs tied to staffing changes. The board also approved a $79,214 deposit to the Capital Reserve and included $750,000 of district surplus to supplement the previously approved $10,632,324 March 12, 2024 referendum for projects at Charles Street School and Palmyra High School, citing higher-than-anticipated labor and materials costs. The budget documents also authorize a $200,000 withdrawal from the Maintenance Reserve for required maintenance activities in FY26.
