A primary element of the meeting was the board’s exploration of financial strategies to address these infrastructure needs. Gary Higgins presented an audit report, highlighting the financial health of the district with a $1 million increase in capital reserves, resulting in a total of approximately $6.5 million available for future projects. Despite these reserves, there was an acknowledgment of the district’s significant borrowing capacity of up to $57 million, although members expressed caution about pursuing such an amount due to the district’s size and needs.

The conversation delved into the potential financial impact of a proposed $10 million referendum, which would cover essential projects like roof repairs and gym floor replacements. It was noted that these projects could lead to an estimated tax increase of $129 annually for the average River Edge household. However, about 40% of the costs could be offset by state aid, reducing the burden on taxpayers. Interest rates on bonds were projected at a conservative 4%, with hopes they might be lower due to recent improvements in the district’s credit rating.

Board members stressed the importance of public engagement in the decision-making process. Emphasis was placed on transparent communication, with plans for information sessions to explain the significance of maintaining school facilities to prevent emergencies like leaks or structural failures. This approach aimed to balance the urgency of addressing school infrastructure needs while being mindful of potential financial pressures on the community.

In addition to infrastructure discussions, the meeting also addressed curriculum and staffing updates. The board noted the completion of boiler projects at Roosevelt and Cherry Hill, with ongoing efforts to finalize state grant reimbursements. A decrease in overall student enrollment was reported, as well as a slight increase in special education students. The board anticipated a $95,000 decrease in state aid based on current formulas, influencing budget considerations for the upcoming year.

Staffing issues were also highlighted, particularly in accounts payable and receivable positions, as the district faced challenges in attracting qualified custodial staff due to current pay rates. The board emphasized the need for interim staffing solutions to address these challenges while planning for long-term stability.

The meeting featured recognition of the Teachers of the Year for 2026, with a formal ceremony scheduled for January 7th, and the progression of policy manual updates, which had undergone a year-long review process. The manual’s revisions included policy 5111 on tuition students, with plans to enhance online accessibility and search functionality.