Mount Olive Township School District budget 2026-27

Mount Olive Township School District

Morris 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: $129.5M → 2026-27: $132.8M (+2.5%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
Employee benefits2025-26: $27.2M → 2026-27: $31.4M (+15.4%)23.7% of day-to-day spending.Morris County median +20.2% · New Jersey median +18.2%
Everything else2025-26: $102.3M → 2026-27: $101.4M (-0.9%)Morris County median +1% · New Jersey median +0.5%

Where the money comes from

Local school tax levy2025-26: $81.3M → 2026-27: $86.6M (+6.5%)Morris County median +5.7% · New Jersey median +5%
State school aidDown $274,676 from last year State aid file
Surplus budgeted to balance the budget2025-26: $4.3M → 2026-27: $3.7MPlanned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.

Health insurance costs

Health benefits, audited2022-23: $15.6M → 2024-25: $18.8M (+20.9%)Morris County median +16% · 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: 11.4 → 2024-25: 10.6Morris County median 10.4 · New Jersey median 10.7
Median teacher salary2024-25: $80,520Morris County median $80,100 · 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.