Wednesday, March 19, 2025

Edison School Board's Preliminary 2025-26 School Budget up for vote tomorrow night - to send to the County Super

Well, just saw the agenda for tomorrow night's meeting and the information they provided for approval by the Board to send the 2025-26 School Budget down to the County Super for approval (see below).

Unfortunately, we can't see the school budget until after it's approved by the County Super.

But with their notice and a copy of Last year's Budget and this year's Ratables we can tell some top level things about the School Budget for 2025-26 and the change from Last year.

This Preliminary Budget has appropriations of $378,167,002, which is up $10,863,586 (offset by $10,853,586 in other revenue) - leaving the School Tax Levy the same as last year at $235,013,168.

The School tax Rate built into this School Budget is 3.139. Unfortunately, this reduction in the School Tax Rate of 2.7-cents (over last year's 3.166) is solely due to the increase in the Ratables of $62,899,400 - they kept the $pending the same as last year. 

No $pending Reductions - Not good signs. 

If you live in that imaginary home assessed at $183,400, Your 2025 School taxes will be $5,757 and you'll see a whooping reduction in your School taxes of $49.

If you don't live in that imaginary home assessed at $183,400, just take your home's assessed value and divide it by 100. Then, take that number and multiply it by 3.139 and .027 to get your total School taxes for 2025 and School tax Reduction from Last year, respectively.

Here's their notice:















Here's the numbers:


























Anyhoo, can't really see what's going on here until they release the School Budget once the County Super approves it but it sure looks like they'll be a lot of questions and have a lot of explaining to do with these numbers.



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