Summary of the Newton Budget – Operating Budget Newton Public Schools’ Operating Budget is currently comprised of a $314,574,126, an increase of $17.2 million, or 5.8%, over the FY26 adjusted budget. FY27 operating revenues and expenditures are balanced. The pages that follow provide additional information on operating revenues, expenditures, major budget assumptions, year-over-year changes, and financial trends. SCHOOL OPERATING BUDGET Revenue by Category FY23 ACTUAL FY24 ACTUAL FY25 ACTUAL FY26 ADJUSTED BUDGET FY27 BUDGET State Education Aid (Chapter 70) $26,212,526 $27,433,806 $28,656,534 $30,401,034 $31,313,065 Local City of Newton Contribution $234,012,206 $242,724,037 $254,869,137 $267,068,590 $283,261,061 Revenue Total: $260,224,732 $270,157,843 $283,525,671 $297,469,624 $314,574,126
FY26 ADJUSTED BUDGET
FY23 ACTUAL
FY24 ACTUAL
FY25 ACTUAL
FY27 BUDGET
Expenditures by Function
District Leadership/Admin. (1000) Instructional Services (2000) Other School Activities (3000) Operations & Maintenance (4000) Benefits & Fixed Costs (5000) Community Services (6000)
$5,726,003
$6,152,781
$6,198,485
$6,384,440
$6,591,934
$177,159,424 $183,134,848 $192,862,979 $206,983,379 $217,279,033 $9,695,698 $10,292,133 $11,462,342 $11,881,240 $12,234,391 $18,245,741 $19,123,561 $19,088,550 $18,657,521 $20,108,340 $40,059,555 $40,304,744 $43,429,661 $47,874,371 $51,973,183
$226,800 $191,690
$234,830 $253,926
$241,200 $162,754
$248,436 $167,637
$255,889 $172,666
Fixed Assets (7000)
Debt: Retirement and Services (8000)
$0
$0
$0
$0
$0
Out of District Tuition (9000)
$8,106,321 $5,958,690 Expenditure Total $259,411,232 $268,274,071 $282,277,435 $297,374,130 $314,574,126 $8,777,248 $8,831,464 $5,177,106
Difference from Revenue
$813,500
$1,883,772
$1,248,236
$95,494
$0
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