Haddon Township residents attend a presentation on their public school district budget shortfall in March 2025. Credit: Matt Skoufalos.
More Aid Cuts Leave Haddon Township Schools Facing $4M Deficit for 2025-26 Budget
Superintendent Bob Fisicaro says options for closing the gap include a combination of tax increases, drawing down a reserve fund for emergency unemployment benefits, and borrowing against money reserved for improvements to athletic facilities. The district submits its budget Wednesday.
For the third year in a row, the district comes out a loser in the state funding calculus, as its red-hot real estate market and increasing aggregate wealth work against local taxpayers. Solutions must come from Trenton, officials say. Sign in or subscribe to continue reading...