schoolz
My schools

All district budgets

Princeton Public School District

State budget report

Mercer 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: $103.1M → 2026-27: $106.6M (+3.4%)The general fund's current expense: salaries, benefits, supplies and services. Not building projects or debt.
  • Employee benefits2025-26: $20.7M → 2026-27: $23M (+11.1%)21.6% of day-to-day spending.Mercer County median +16% · New Jersey median +18.2%
  • Everything else2025-26: $82.4M → 2026-27: $83.6M (+1.4%)Mercer County median +1.4% · New Jersey median +0.5%
Where the money comes from
  • Local school tax levy2025-26: $90.5M → 2026-27: $94.4M (+4.3%)Mercer County median +4.5% · New Jersey median +5%
  • State school aidUp $202,349 from last year State aid file
  • Surplus budgeted to balance the budget2025-26: $3.9M → 2026-27: $2.7MPlanned amount, not what is left in reserve. Does not include capital or maintenance reserve withdrawals.
Health insurance costs
  • Health benefits, audited2022-23: $12.1M → 2024-25: $13.3M (+9.7%)Mercer County median +16.1% · 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: 10.5 → 2024-25: 10.7Mercer County median 11.1 · New Jersey median 10.7
  • Median teacher salary2024-25: $98,830Mercer County median $81,684 · 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.