Cresskill School District
2025–2026 FINAL BUDGET PRESENTATION
BOARD OF EDUCATION MEETING
MAY 5, 2025
Dawn Delasandro
Business Administrator/Board Secretary
Dr. Peter Hughes
Superintendent
Goals for Tonight’s Presentation
The Current Year - Operations, �Curriculum, and Technology
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C10 Computer Lab
Year 2 of the Chromebook Cycle
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New Ceiling Tiles and Paint at EHB
New Floors in MMS - 5 Classrooms
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Fully Rebuilt Pumps at MMS
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Work on Levelled Libraries & �Windows and Mirrors in Literacy Continues
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Continued updating
the cameras - New Gym Cameras.
Before Rehabilitation & Resting
After 1 Year of Resting & Rehabilitation
After Two Years of Rehab and Rest…
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Softball - new maintenance schedule
New Mulch and Playground Perimeter
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This is the first year without parking lot flooding… Zero days missed, zero evacuations so far…
Auditorium Sound & Lighting
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Film Studio Upgrades & Finishing Touches…
New Attendance Systems at CMS/CHS
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Before
After
Next
Budget Highlights for 2025-2026
Coming Soon… New Chillers
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��Budget Challenges
(includes IDEA funds of $246,000)
2% Tax Levy = $614,614
Budget Restrictions
Items requested but could not be included in budget (wish list):
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Good enough… for now…
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Budget Restrictions con’t
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Possible Challenges…
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### The Numbers ###
2025-2026 Sources of Revenue
Where does the money come from?
New/Extraordinary Sources in 2025-2026
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Adjustments to Tax Levy
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The State allows for adjustments to the tax levy cap of 2%. We are eligible for the following in 2025/2026:
Tax Levy Increases of other districts
"Proj
Budget"
2025-2026
$ 34,198,551.00
$ 1,397,199.00
4.26%
$ 2,722,567,400.00
$ 167,279,100.00
6.55%
1,256.11
-27.55
-2.15%
$ 893,894.00
$ 11,228.33
$ 476.19
$ 39.68
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Tenafly | 3-4% |
Westwood | 3-4% |
NVRHS | 2-3% |
Haworth | 7-8% |
Montvale | 6.7% |
Paramus | 4-5% |
Closter | 2-3% |
Dumont | 4-5% |
Emerson | 3-4% |
2025-2026 Sources of Revenue
Source | Amount | % of Budget |
Local Taxes (Incl. debt service) | $ 34,198,551 | 82.26% |
Tuition Receivable | $ 1,693,563 | 4.07% |
Fund Balance | $ 1,185,202 | 2.85% |
State Aid (Incl. debt service) | $ 3,106,257 | 7.47% |
Maintenance Reserve | $ 143,595 | 0.35% |
Debt Service Fund Balance | $ 14,919 | 0.04% |
Debt Service Aid - ST Note | $ 165,990 | 0.40% |
Student Activity, Scholarship | $ 336,000 | 0.81% |
Donations | $ 85,000 | 0.20% |
Federal Aid (SEMI + Spec Rev.) | $ 468,794 | 1.13% |
Miscellaneous | $ 177,276 | 0.43% |
Total Revenues | $ 41,575,147 | 100.00% |
Where does the money come from?
Budgeted Revenue Comparison
Source | 2024-2025 Revised | 2025-2026 Proposed | Increase/ (Decrease) | % Change |
Local Taxes (excl. debt service) | $30,730,690 | $32,158,877 | $1,428,187 | 4.65% |
Tuition Receivable | $1,470,337 | $1,693,563 | $223,226 | 15.18% |
Fund Balance + ST notes | $1,249,038 | $1,351,192 | $102,154 | 8.18% |
State Aid (excl. debt service) | $2,926,084 | $2,690,932 | ($235,152) | (8.04%) |
Reserve Withdrawals | $1,083,400 | $143,595 | ($939,805) | n/a |
Student Activity/Scholarship | $336,000 | $336,000 | $0 | 0% |
Restricted: Donations | $184,942 | $85,000 | ($99,942) | (54.04%) |
Federal Aid/Misc State Grants | $760,143 | $468,794 | ($291,349) | (38.33%) |
Miscellaneous Revenue | $110,000 | $177,276 | $67,276 | 61.16% |
Debt Service | $2,484,419 | $2,469,918 | ($14,501) | (0.58%) |
Total Revenues | $41,335,053 | $41,575,147 | $240,094 | 0.58% |
Revenues - Operating
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Operating Expenditure Comparison
Program | 2024-25 Revised Budget | 2025-26 Proposed Budget | Increase �(Decrease) | % Incr. (Decr.) | % of Budget |
Regular Instruction | $ 11,850,558 | $12,030,933 | $180,375 | 1.52% | 31.56% |
Special Ed, Basic Skills, Bilingual | $5,848,312 | $6,013,692 | $165,380 | 2.83% | 15.77% |
Co-Curricular/Athletics | $708,536 | $709,316 | $780 | 0.11% | 1.86% |
Out of District Tuition | $1,687,156 | $1,809,441 | $122,285 | 7.25% | 4.75% |
Attendance, Health | $303,491 | $319,673 | $16,182 | 5.33% | 0.84% |
Related & Extraordinary Svcs. (1:1 Aides/Guidance/CST) | $2,896,166 | $3,068,869 | $172,703 | 5.96% | 8.05% |
Media Center, Curr and Staff Training, Prof. Development | $361,608 | $318,719 | ($42,889) | (11.86%) | 0.84% |
Administration [Interest on Notes] | $3,950,883 [$359,438] | $3,700,643 [$414,977] | ($250,240) [$55,539] | (6.33%) [15.45%] | 9.71% |
Buildings & Grounds | $2,905,490 | $3,024,037 | $118,547 | 4.08% | 7.93% |
Transportation | $756,200 | $759,611 | $3,411 | 0.45% | 1.99% |
Employee Benefits | $5,473,597 | $6,371,008 | $897,411 | 16.40% | 16.71% |
Total General Fund (excl. Capital Reserve) | $ 36,741,997 | $ 38,125,942 | $1,383,945 | 3.77% | 100.00% |
Capital Outlay | $1,110,285 | $93,220 | ($1,017,065) | | |
Where does the money go?
Expenditures – Operating Fund
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Tax Comparison�12 Months
| 2025 | 2026 | Increase (Decrease) | % Change |
Operating Expense Tax Levy | $ 30,730,690 | $ 32,158,877 | $ 1,428,187 |
4.65% |
Debt Service Tax Levy | $ 2,070,662 | $ 2,039,674 | ($ 30,988) | (1.50%) |
Total Tax Levy | $ 32,801,352 | $ 34,198,551 | $ 1,397,199 | 4.26% |
Assessed Valuation | $2,555,288,300 | $2,722,567,400 | $118,573,800 | 4.87% |
Estimated Tax Increase�12 Months
Assessed Value of Home | Average Home $893,894 $837,612 (2024) |
Annual Increase in Tax Levy-with Debt Service | $ 476.19 |
Increase per month - beginning Jan 2026 | $ 39.68 |
Increase per month (above 2%) | $ 18.02 |
On Behalf of Our Students,
Thank you!
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