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The capital reserve falls from $9.8 million to under $200,000 in three years, just as a $228 million building plan is drawn up

Financial

What happened

The state-format budget filings track the district's reserves. Capital reserve stood at $9,778,014 audited at June 2024 and $6,888,443 at June 2025, is estimated at $1,731,612 for June 2026 and $195,939 for June 2027. The 2025-26 budget withdrew $5,158,831 from it and the 2026-27 budget a further $1,537,673, the latter covering fire alarm panels in eight buildings, four boilers, vape detectors and paving. Unrestricted general operating balance falls from $4,933,701 to $2,947,122 across the same period and the legal reserve to zero. In June 2026 the board voted to put up to $5,000,000 of year-end surplus back into capital reserve, up to $1,000,000 into maintenance reserve and up to $200,000 into the emergency reserve, which is the only thing that would rebuild it.

Why it matters to families

Capital reserve is what a district spends on roofs and boilers without borrowing. Emptying it in the same years it plans a $228 million referendum means the smaller repairs have nowhere else to come from if the referendum fails.

The evidence

The 2026-27 filing's recapitulation of balances reads 'Capital Reserve 9,778,014 6,888,443 1,731,612 195,939' for June 2024 audited, June 2025 audited, and June 2026 and 2027 estimated.

The source

New Jersey Department of Education 2026-27 budget filing: User-friendly budget — Livingston Twp

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