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Franklin Lakes School District

State budget report

Bergen 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: $40.6M → 2026-27: $40.7M (+0.3%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
  • Employee benefits2025-26: $7.9M → 2026-27: $9.4M (+17.9%)23% of day-to-day spending.Bergen County median +23.5% · New Jersey median +18.2%
  • Everything else2025-26: $32.6M → 2026-27: $31.3M (-4%)Bergen County median +0.5% · New Jersey median +0.5%
Where the money comes from
  • Local school tax levy2025-26: $33.2M → 2026-27: $35.4M (+6.6%)Bergen County median +6% · New Jersey median +5%
  • State school aidUp $101,115 from last year State aid file
  • Surplus budgeted to balance the budget2025-26: $1.3M → 2026-27: $800,000Planned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Health insurance costs
  • Health benefits, audited2022-23: $5.7M → 2024-25: $6.4M (+13.4%)Bergen County median +21.3% · 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: 7.8 → 2024-25: 8.1Bergen County median 11.2 · New Jersey median 10.7
  • Median teacher salary2024-25: $89,221Bergen County median $83,387 · 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.