Holmdel Township School District
State budget reportMonmouth 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: $71.8M → 2026-27: $76.4M (+6.4%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
- Employee benefits2025-26: $15.4M → 2026-27: $19.5M (+26.8%)25.6% of day-to-day spending.Monmouth County median +19.9% · New Jersey median +18.2%
- Everything else2025-26: $56.4M → 2026-27: $56.9M (+0.9%)Monmouth County median -0.5% · New Jersey median +0.5%
Where the money comes from
- Local school tax levy2025-26: $65.3M → 2026-27: $70M (+7.2%)Monmouth County median +5% · New Jersey median +5%
- State school aid, K–122025-26: $5M → 2026-27: $5.1M (+1.5%)Monmouth County median +3.8% · New Jersey median +4.9%
- Special education aid$2,870,141 → $2,914,481
- Transportation aid$1.7M → $1.8M
- Security aid$389,423 → $388,778
- Federal special education grant (IDEA)2025-26: $839,704 → 2026-27: $858,477 (+2.2%)Monmouth County median +1.4% · New Jersey median +1.7%Federal money for students with disabilities, ages 3 to 21. The 2026-27 award is the state's preliminary figure. $177,807 of it is set aside for students with disabilities whose parents placed them in private schools. From the state's IDEA award files: 2025-26, 2026-27
- Surplus budgeted to balance the budget2025-26: $305,000 → 2026-27: $0Planned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Teachers
- Students per teacher2021-22: 10.5 → 2024-25: 10.2Monmouth County median 9.4 · New Jersey median 10.7
- Median teacher salary2024-25: $88,703Monmouth County median $78,294 · New Jersey median $78,587
Medians are across districts whose budgets are comparable; services commissions and districts outside the state aid formula are left out.