Milford Borough School District
State budget reportHunterdon 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: $2.8M → 2026-27: $2.6M (-6.9%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
- Employee benefits2025-26: $634,167 → 2026-27: $548,132 (-13.6%)21% of day-to-day spending.Hunterdon County median +19.1% · New Jersey median +18.2%
- Everything else2025-26: $2.2M → 2026-27: $2.1M (-5%)Hunterdon County median -1% · New Jersey median +0.5%
Where the money comes from
- Local school tax levy2025-26: $2.2M → 2026-27: $2.3M (+4%)Hunterdon County median +4% · New Jersey median +5%
- State school aidDown $61,584 from last year State aid file
- Surplus budgeted to balance the budget2025-26: $227,424 → 2026-27: $48,032Planned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Teachers
- Students per teacher2021-22: 7.9 → 2024-25: 9Hunterdon County median 8.7 · New Jersey median 10.7
- Median teacher salary2024-25: $65,383Hunterdon County median $75,153 · 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.