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Franklin Borough School District

State budget report

Sussex County · 2026-27 budget, from New Jersey Department of Education files. Budgets are set for a whole district, so every school in it shares these figures.

Spending
  • Day-to-day spending2025-26: $12.1M → 2026-27: $13M (+7.4%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
  • Employee benefits2025-26: $2.4M → 2026-27: $2.8M (+18.5%)21.5% of day-to-day spending.Sussex County median +15.6% · New Jersey median +18.2%
  • Everything else2025-26: $9.8M → 2026-27: $10.2M (+4.6%)Sussex County median -0.5% · New Jersey median +0.5%
Where the money comes from
  • Local school tax levy2025-26: $7M → 2026-27: $7.6M (+9.4%)Sussex County median +4% · New Jersey median +5%
  • State school aidUp $283,239 from last year State aid file
  • Surplus budgeted to balance the budget2025-26: $500,000 → 2026-27: $500,000Planned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Health insurance costs
  • Health benefits, audited2022-23: $1.2M → 2024-25: $1.1M (-13.9%)Sussex County median +7.8% · New Jersey median +18.1%What the district actually spent, from its audited annual financial reports: 2022-23, 2024-25
Teachers
  • Students per teacher2021-22: 9.7 → 2024-25: 10.6Sussex County median 10.3 · New Jersey median 10.7
  • Median teacher salary2024-25: $79,746Sussex County median $74,947 · New Jersey median $78,587
New Jersey School Performance Reports

Medians are across districts whose budgets are comparable; services commissions and districts outside the state aid formula are left out.