2026-2027 Board of Education Budget
Budget Process Overview
In October 2025, district administrators and directors began to pull budget requests together. Those were presented and reviewed by the Superintendent in December. The Budget & Finance Subcommittee also met in December 2025 to review budget drivers and assumptions that guide budget development.
Also in October, the Buildings & Grounds Subcommittee began to discuss and review the one-year and five-year Capital Expenditure Plan. Additional meetings were held in November 2025 and the Board of Education approved the 2026-2027 Capital Expenditure Budget at its regular meeting on December 1, 2025.
In January 2026, district administrators and directors presented cost center requests to the Budget & Finance Subcommittee. Those cost centers include Joel, Eliot, Morgan, Special Services, Central Office, Maintenance, District-wide, and Athletics, with Technology requests embedded within the appropriate cost centers. Each of those presentations can viewed
here. The Budget & Finance Subcommittee met again after the presentation to review the budget and advise the Superintendent accordingly.
On January 20, 2026, the Superintendent presented a proposed 2026-2027 Operating budget of $41,444,732, which is an increase of $2,204,543 or 5.62%. The Superintendent's budget presentation can be viewed
here.
The Budget & Finance Subcommittee then met on January 27, 2025 for additional budget review and discussion.
At its regular meeting on February 2, 2025, the Board of Education approved the 2026-2027 Operating budget in the amount of $41,374,698. This is an increase of $2,134,509, or 5.44% over the 2025-2026 Operating budget.
The 2026-2027 Board of Education Budget is comprised of three components: Operating, Capital Expenditure, and Debt Service. The total amount for 2026-2027 approved by the Board of Education on February 2, 2026, representing all three components, is $45,288,204, which is an increase of $2,421,708, or 5.65% over the three components of the 2025-2026 Board of Education Budget.
The Town Council held several workshops in February and March to review all budget requests. On March 12, 2026, the Town Council recommended a total 2026-2027 Board of Education Budget in the amount of $44,788,204, which is an increase of $1,921,708, or 4.48%. This recommended budget includes Operating, Capital Expenditure, and Debt Service, and will be discussed at the Public Hearing on April 20, 2026. Immediately after the Public Hearing, the Town Council may choose make additional adjustments and will recommend the 2026-2027 Board of Education Budget amount to be sent to Referendum on May 13, 2026.
The entire, printer-friendly budget book, representing the original 2026-2027 Budget approved by the Board of Education on February 2, 2026 can be found
here. Individual budget book components can be viewed via the links below. Relevant information will be updated once the budget has been finalized and will be noted below.
Background
Introduction Letter
Board of Education & Administrative Team
Mission Statement & Strategic Objectives
Budget Timeline
Enrollment & Stafing Information
Enrollment Projections
Class Size Information
Certified Staff FTE
Non-Certified Staff FTE
Request by Object
Detailed Explanation of Objects
Budget Object Summary
Budget Object Graph
Request by Cost Center
Budget Overall Summary
Lewin G. Joel, Jr. School
Jared Eliot Middle School
The Morgan School
Special Services
Central Office
Maintenance
District-wide
Athletics
District Information
Projected Tuition
Grant & Revenue Information
Per Pupil Expenditure Information
Capital Budget (updated 4/7/2026)
Debt Service