Well, the new budget numbers have come in and what will be published in the paper and on the NJ DOE website is a tad misleading. Most will read the paper and the website Excel spreadsheet and, like me, initially see that the district is scheduled to receive an additional $58,571! NICE!
However, as an NFL referee has to say... "Upon further review..." The state is once again reassessing the debt service for the remodeling and addition that were complete over 7 years ago. They are giving us $58K and taking back more than $28,000 of that money, leaving us with a net gain of $31,000. Still OK. That money, coupled with responsible savings and belt-tightening across the board at the school has lead us to the place we are now... another year with no tax increase from the school district!
In the last five budgets for the school... taxes have either gone down or remained at a ZERO% increase! The school portion of your local taxes will not go up for 2011-2012! Not many sectors of the financial world can say that!
Till next time...
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