Financial Overview The FY26 City’s Proposed Budget allocation is $292,963,623 and includes a $10.3 Million increase, or 3.65%, over the FY25 budget of $282,647,007. The grand totals of both the FY25 and FY26 budgets include the Education Stabilization Account shown below. Salaries and benefits make up approximately 87% of this budget. In March 2025, NPS initially presented a budget that was not balanced with the budget allocation provided by the city. NPS requested a budget of $297,508,631, which represented a deficit of $4.55 million from the City's allocation. This proposal was arrived at after carefully reviewing enrollment trends; analyzing staffing and programmatic requests from our school leaders; seeking revenue and efficiencies within our system; and ensuring we were both meeting our contractual obligations as well as the social, emotional, and academic needs of our students. This budget mostly provided level-service, but also added a few previously under- budgeted items, such as fully funding substitute teacher and professional development costs. On April 1, 2025, following deliberations on the superintendent’s recommendations, the school committee approved an FY26 budget of $296,352,258. This budget removed contingencies for full day K aides ($836,373) and assumed level funding of Title Grants ($320,000) but was still at a deficit of $3.38M from the City’s proposed budget allocation. On May 19, 2025, an NPS FY26 budget of $292,963,623 was passed by the school committee and subsequently by the city council later that evening. In addition to this budget, the city provided additional one-time funding using free cash that helped lower the NPS budget. In addition to one-time city funding, NPS also had to make budget adjustments and savings, listed below.
Free Cash (One Time City Funding):
NPS Reductions, Adjustments & Assumptions
Charter Maintenance
$1,293,000
Personnel Reductions
$324,200
Departmental Expenses - Budget
$889,845
Non-Personnel Reductions
$243,689
Free Cash, Reduces NPS Deficit
$2,182,845
FY25 Additional Carryforward
$350,000
Departmental Expenses - Non-Budget $87,767
Pre-School Savings (Delay)
$146,757
Insurance Premiums (+11.2%)
$1,300,000
Reach Program Savings (Delayed) $141,144
Facility Improvements - Non-Budget $1,425,000
Total NPS Budget Adjustments $1,205,790
Total Free Cash Allocation
$4,995,612
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