Page 2 THE MALDEN ADVOCATE–Friday, June 6, 2025 Malden School Committee will hold public hearing on FY26 budget proposal Monday School budget figure proposed for $98.7 million, projected increase of $5.3 million By Steve Freker T he Malden School Committee will hold a public hearing for the purpose of receiving comments on the Fiscal Year 2026 Proposed Budget on Monday, June 9, at 5:00 p.m. at the HerGerry D’Ambrosio Attorney-at-Law Is Your Estate in Order? Do you have an update Will, Health Care Proxy or Power of Attorney? If Not, Please Call for a Free Consultation. 14 Proctor Avenue, Revere (781) 284-5657 bert L. Jackson Council Chamber, Room 106, 215 Pleasant Street, Malden. Members of the public are welcome to attend in person. The FY26 proposed budget is $98.7 million, which is essentially a level-funded budget from the previous year’s figure, though it shows an increase of about 5.7 percent, or about $5.3 million. Most, if not all, of that increase comes in the form of negotiated salary increases or simple cost hikes in services or materials. “The proposed total budget for the Malden Public Schools District as shown in this budget book is $98,697,688. This is an increase of approximately $5.3 million or 5.7%. The proposed budget contains shifts in staffing and operational spending that reflect the district’s priorities and maintains a balanced budget while accounting for increases in salaries and other costs,” according to the Superintendent’s Executive Overview, which is available for review — along with a detailed, line item look at the FY26 proposal. “This budget aims to be consistent with our core values as a school district while working towards improving our strategic areas for collective action,” according to the overview. As for funding this year’s budget, “There are two major funding sources for the school budget: the general fund, comprised of State Aid (Chapter 70), which is approximately 53%, local funds for approximately 47%, and special revenue funds, which consist of grants and revolving funds. “The Chapter 70 formula was designed to provide fair and adequate minimum per student funding for public schools by defining a foundation budget. The foundation budget quantifies the minimum level of spending for each school district. This year, Malden is required to spend $130,437,793 on education, inclusive of Chapter 70 funding, Out-of-District expenditures, and other City expenditures related to employee benefits.” Go to www.maldenps.org to view the proposed FY26 school budget. Advocate Call now! 617-387-2200 advertise on the web at www.advocatenews.net CLASSIFIED ADVERTISING
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