The school board for the Princeton Public Schools Tuesday night approved a tentative $91.4 million budget for the 2016-17 fiscal year, which begins July 1.
A home assessed at the town average of $810,191 would see a $215 tax increase if the budget is approved.
The school tax levy would increase from $68.2 million to $70.7 million, an increase of $2.5 million.
Employee benefits account for $14.8 million in the budget. Capital expenditures are $687,000.
The proposed operating budget is $83.4 million. The school district also owes $5.7 million in debt service during 2016-17. Taxpayers will pay another $5.4 million in taxes for debt service.
The budget will now be forwarded to the Mercer County Superintendent for approval.
On April 26 the school board will hold a public hearing on the budget and take a final vote.