2026-2027 Budget

Budget Statement

The Hoboken Board of Education remains committed to transparency and providing multiple opportunities for the public to engage in the budget development process. We encourage community members to review budget materials, attend presentations, and participate in public discussions. This page includes key budget information, presentations, and related documents as they have developed throughout the process.

On March 23, 2026, the Hoboken Board of Education voted to introduce a tentative budget for the 2026–2027 school year. The tentative budget reflected a local tax levy of $93,865,800.00.

From the introduction of the tentative budget through the Public Hearing on May 5, 2026, the Board of Education carefully reviewed all expenditures and reduced the budget by $2,526,441, demonstrating a commitment to maintaining essential programs and services.

On May 5, 2026, the Board of Education will hold the Public Hearing on the proposed 2026–2027 budget. This hearing provides an opportunity for the community to review the budget, ask questions, and provide feedback prior to final adoption.

To access the presentation from the Public Hearing, click here. 

Summary of the Proposed 2026–2027 Budget

The proposed 2026–2027 budget reflects the district’s continued commitment to its vision, mission, values, and beliefs while responding to significant enrollment growth and increasing operational costs.

• Total Operating Budget: $102,341,594
• Total Tax Levy: $91,339,359
• Tax Levy Increase: $17,450,629

The budget is primarily driven by fixed and necessary costs, including:

• Health Benefits: The largest driver of the increase
• Salaries: Contractual obligations to retain and support high-quality staff
• Charter School Tuition: Mandated payments based on student enrollment

Additional funding supports:

• Special education services and student support programs
• Maintenance and operation of aging facilities
• Academic programs and student achievement initiatives
• Co-curricular and extra-curricular opportunities

The budget also reflects a decrease in revenue of $5,107,925, increasing reliance on the local tax levy to sustain programs and services.

The Hoboken Board of Education will vote to adopt the final 2026–2027 budget at its Board of Education Meeting following the Public Hearing. It is after the adoption of the budget that the User Friendly Budget will be linked here. 

The Hoboken Board of Education will vote to adopt the 2026-2027 budget at its Board of Education Meeting on May 12, 2026.   

Do you have questions about the budget?

Send an email to [email protected] for responses by our Board of Education members.