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Franklin Township Public School District

State budget report

Somerset 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: $187.3M → 2026-27: $197.5M (+5.4%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
  • Employee benefits2025-26: $38.1M → 2026-27: $56.6M (+48.6%)28.7% of day-to-day spending.Somerset County median +17.9% · New Jersey median +18.2%
  • Everything else2025-26: $149.2M → 2026-27: $140.9M (-5.6%)Somerset County median +1.9% · New Jersey median +0.5%
Where the money comes from
  • Local school tax levy2025-26: $179.5M → 2026-27: $194.4M (+8.3%)Somerset County median +6.3% · New Jersey median +5%
  • State school aidUp $970,707 from last year State aid file
  • Surplus budgeted to balance the budget2025-26: $1.7M → 2026-27: $0Planned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Health insurance costs
  • Health benefits, audited2022-23: $21.9M → 2024-25: $29.6M (+35%)Somerset County median +13.5% · 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: 9.9 → 2024-25: 10.1Somerset County median 10.3 · New Jersey median 10.7
  • Median teacher salary2024-25: $73,626Somerset County median $83,002 · 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.