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Oldmans Township School District

State budget report

Salem 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: $7.8M → 2026-27: $7.6M (-2.7%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
  • Employee benefits2025-26: $1.3M → 2026-27: $1.8M (+39%)24.2% of day-to-day spending.Salem County median +19.9% · New Jersey median +18.2%
  • Everything else2025-26: $6.5M → 2026-27: $5.7M (-11.2%)Salem County median +0.4% · New Jersey median +0.5%
Where the money comes from
  • Local school tax levy2025-26: $3.4M → 2026-27: $3.7M (+10.9%)Salem County median +3.9% · New Jersey median +5%
  • State school aidUp $207,398 from last year State aid file
  • Surplus budgeted to balance the budget2025-26: $720,067 → 2026-27: $200,305Planned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Health insurance costs
  • Health benefits, audited2022-23: $604,601 → 2024-25: $776,058 (+28.4%)Salem 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: 11.7 → 2024-25: 11Salem County median 10.8 · New Jersey median 10.7
  • Median teacher salary2024-25: $72,226Salem County median $70,308 · 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.