Freehold Regional School Board Approves Revised Budget

In a recent meeting, the Freehold Regional School Board addressed budget revisions aimed at counteracting the financial strain caused by Senate Bill 2’s (S2) reshaping of New Jersey’s school funding formula. The updated budget, which takes advantage of new legislation allowing for increased taxes above the 2% cap, aims to restore some of the previously planned budget cuts for the 2024-2025 school year. The board proposed rehiring staff, reducing class sizes, restoring instructional programs, enhancing security, and addressing targeted facility needs.

During the meeting, an amount of time was devoted to discussing the financial challenges faced by the district due to the reductions in state aid imposed by S2, totaling approximately $20 million for the district. The new legislation, signed by Governor Murphy, provides an opportunity for the district to increase its tax levy and move closer to the state-calculated local fair share, thereby reducing the amount below adequacy by about 45%. This step is seen as crucial for maintaining the district’s structural budget integrity and reducing the projected revenue deficit for the 2025-2026 school year.

The superintendent provided an overview of the situation and highlighted the district’s effort in maintaining high educational standards while facing fiscal challenges. Emphasis was placed on the relief provided by the new legislation and the importance of the revised budget in sustaining the district’s reputation and services. The board expressed gratitude to community members for their ongoing support and understanding.

The board also approved the 2022-2023 District grade report for harassment, intimidation, and bullying (HIB), boasting a perfect score of 78 out of 78. The Local Education Agency plan for a safe school return to instruction and continuity of services was also on the agenda for approval.

In addition to budgetary matters, the meeting covered organizational items, the upcoming graduation ceremonies, and the recognition of the executive student cabinet’s service. The board also addressed a denied HIB appeal and discussed property issues concerning the Pine Street property. No board reports were presented, but communications were noted to be on file in the business office.

Note: This meeting summary was generated by AI, which can occasionally misspell names, misattribute actions, and state inaccuracies. This summary is intended to be a starting point and you should review the meeting record linked above before acting on anything you read. If we got something wrong, let us know. We’re working every day to improve our process in pursuit of universal local government transparency.

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