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Montvale Board of Education School District

State budget report

Bergen 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: $22.6M → 2026-27: $23.9M (+5.7%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
  • Employee benefits2025-26: $3.9M → 2026-27: $5.1M (+32.1%)21.5% of day-to-day spending.Bergen County median +23.5% · New Jersey median +18.2%
  • Everything else2025-26: $18.8M → 2026-27: $18.8M (+0.3%)Bergen County median +0.5% · New Jersey median +0.5%
Where the money comes from
  • Local school tax levy2025-26: $20M → 2026-27: $21.4M (+6.8%)Bergen County median +6% · New Jersey median +5%
  • State school aidUp $66,801 from last year State aid file
  • Surplus budgeted to balance the budget2025-26: $564,069 → 2026-27: $537,602Planned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Health insurance costs
  • Health benefits, audited2022-23: $2.2M → 2024-25: $2.8M (+25.6%)Bergen County median +21.3% · 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: 10.2 → 2024-25: 10.7Bergen County median 11.2 · New Jersey median 10.7
  • Median teacher salary2024-25: $82,023Bergen County median $83,387 · 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.