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Millstone Township School District

State budget report

Monmouth 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: $41.9M → 2026-27: $42M (+0.3%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
  • Employee benefits2025-26: $6.9M → 2026-27: $7.8M (+13.9%)18.6% of day-to-day spending.Monmouth County median +19.9% · New Jersey median +18.2%
  • Everything else2025-26: $35M → 2026-27: $34.2M (-2.4%)Monmouth County median -0.5% · New Jersey median +0.5%
Where the money comes from
  • Local school tax levy2025-26: $34M → 2026-27: $35.4M (+4.3%)Monmouth County median +5% · New Jersey median +5%
  • State school aidDown $90,689 from last year State aid file
  • Surplus budgeted to balance the budget2025-26: $2.9M → 2026-27: $2.4MPlanned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Health insurance costs
  • Health benefits, audited2022-23: $3.9M → 2024-25: $4M (+2.3%)Monmouth County median +17.1% · 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: 10Monmouth County median 9.4 · New Jersey median 10.7
  • Median teacher salary2024-25: $77,880Monmouth County median $78,294 · 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.