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HEARING — KEARNY SCHOOLS BUDGET

Page 1


Hudson - Kearny Town

Notice is hereby given to the legal voters of the Kearny School District, in the County of Hudson, of the State of New Jersey, that a Public Hearing will be held in the 1st Floor Board Room of the Kearny Board of Education, 172 Midland Avenue, Kearny, New Jersey 07032 on Tuesday, April 28, 2026 at 6:00 p.m., for the purpose of conducting a Public Hearing on the following budget for the 2026-2027 school year.

Advertised Enrollments

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- Kearny Town

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- Kearny Town

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Hudson

- Kearny Town

Education Aid:

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Hudson - Kearny Town

Transfer-Local Contribution-Transfer To Special Revenues-Regular 11-105-100-935

Deduct Transfer-Capital Reserve-Transfer to Repayment of Debt 12-000-400-933 0 0 2,000,000 Total Expenditures Net of Transfers

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Restricted for Specific Purposes: (General

Hudson

- Kearny Town

Recapitulation of Balances

--Current Expense Emergency Reserve

--Impact Aid Reserve for General Expenses (Sections 8002 and 8003)

--Impact Aid Reserve for Capital Expenses (Sections 8007 and 8008)

(Special Revenue Fund)

(Repayment of Debt) --Restricted for Repayment of Debt

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*Does not include pension and social security paid by the State on-behalf of the district. ** Federal and State funds in the blended resource school-based budgets.

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the Taxpayers Guide to Education Spending and can be found on the Department of Education website: http://www.nj.gov/education/guide/. This publication is also available in the board office and public libraries. The same calculations were performed using the 2025-26 revised appropriations and the 2026-27 budgeted appropriations presented in this advertised budget. Total Budgetary Comparative Per Pupil Cost is defined as current expense exclusive of tuition expenditures, transportation, residential costs, and judgments against the school district. For all years it also includes the restricted entitlement aids. With the exception of Total Equipment Cost, each of the other per pupil cost calculations presented is a component of the total comparative per pupil cost, although all components are not shown.

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Description/Activity

Hudson - Kearny Town Capital Projects

Request to Exceed Referendum

UPGRADES FRANKLIN/ROOSEVELT 2410-100-22-1000 $1,329,615 N N

ADDITION 2410-04-090 $43,000,000 N N

$1,700,000 N N

Funding Source for Request to Exceed Referendum

The complete budget will be on file and open to examination at the Kearny Board of Education, 172 Midland Avenue, Kearny, Hudson County, New Jersey 07032 between the hours of 8:30 a.m. and 4:00 p.m. Monday through Friday, excluding holidays.

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Statement of Purpose

Kearny Board of Education

The Kearny Board of Education is home to 5,728 students that are educated in five (5) Elementary Schools, one (1) Middle School and one (1) High School. The age of these buildings varies from 1921 to the present, and they require HVAC upgrades, Roof repairs and additions to house all of the district’s students.

In preparation for this project, the district has contracted the following professional services in a process of due diligence and has received a feasibility study and cost estimates for the projects(s):

A & J Consulting Services, P.C. & Fallon & Pacheco Architects, LLC, Di Cara Rubino Architects, P.C

The Kearny Board of Education will be withdrawing $45,000,000 from the Capital Reserve Account for the 2026-2027 school year for the following projects and associated costs. $43,000,000 for the expansion at the Lincoln Middle School. $2,000,000 to transfer to the Debt Service for the estimated payments to the HCIA. The district may withdraw funds from the Capital Reserve for the acquisition of real property.

The timeline for the project will be July 1, 2026 to June 30, 2027. ($653.00 Online 04/22//26)

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