Madison Public School District
State budget reportMorris 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: $59M → 2026-27: $60M (+1.8%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
- Employee benefits2025-26: $10.1M → 2026-27: $12.3M (+22.4%)20.5% of day-to-day spending.Morris County median +20.2% · New Jersey median +18.2%
- Everything else2025-26: $48.9M → 2026-27: $47.7M (-2.5%)Morris County median +1% · New Jersey median +0.5%
Where the money comes from
- Local school tax levy2025-26: $48.6M → 2026-27: $52M (+7%)Morris County median +5.7% · New Jersey median +5%
- State school aidUp $183,808 from last year State aid file
- Surplus budgeted to balance the budget2025-26: $2.6M → 2026-27: $1.2MPlanned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Teachers
- Students per teacher2021-22: 11.1 → 2024-25: 10.7Morris County median 10.4 · New Jersey median 10.7
- Median teacher salary2024-25: $88,125Morris County median $80,100 · 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.