Well, as may or may not know, the $378.2 million Edison School Budget for 2025-26 was passed in early May by a vote of 5Y, 3N and 1 Absent.
That School Budget came with a School Tax Rate of 3.139, which was Reduced 2.7-cents over the prior year. Now, that Reduction in the School Tax Rate had nothing to do with any Reduction in $pending, the Budget actually had an Increase of some $10.8 million in $pending.
There reduction had solely to do with the $62,899,400 Increase in the Ratables bringing it up to $7,486,616,500.
Although you have to shake your head when Board Members like to take credit for No School Tax increase for the last few years, recognize what they don't tell you. They didn't do anything to Reduce the $pending in these Yearly Bloated, Out-of-Control $pending Budgets which would cause the School Tax Rate to fall. They received and are pissing away some $342.9 million in State Aid over the last 5 years with their Out-of-Control $pending, especially with these piecemeal projects that won't properly address the Overcrowding. And when that State aid money Stops coming, and it will, they will be faced with a Humongous School Bond Referendum for a New School.
Just a note for those who ridiculously wanted to increase the School tax Rate in this budget - recognize there's something called the Cap Bank. There's some $28 million sitting in there which will come back to haunt you in the School Tax Rate when the State Aid money Stops coming in at the previous levels.
Not for nothing but this School Budget for 2025-26 was passed back in early May but has yet to show up on their website. They usually have to put up something called 'User Friendly Budget' (which isn't so User Friendly) after the Budget is passed. However, even that version of the School Budget is Not the Budget they send down the County Super for approval. It's just a small selection, around 30 pages, of the entire Budget which for this year is some 183 pages.
Kind of leaves out a whole bunch of information about what's in this School Budget for 2025-26, which is important and which you should be able to see if you want to be informed about what's really going on over there.
So, here's the actual School Budget for 2025-26 that was sent down to the county Super for approval:
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