Tuesday, March 27, 2012
Budget reduces overall tax levy, but tax rate increases due to drop in township ratables.
The down economy will continue to affect the tax bills of residents after the South Brunswick Board of Education adopted a $138 million spending plan at last night's meeting. The budget, which increased by 1.15 percent over last year, lowers the general fund tax levy by about $630,000 to $96.2 million, but the tax rate will increase by about 5-cents to $2.85 per $100 of assessed valuation. The owner of a township home with an assessed value of $200,000 will see their school taxes go up by about $100, while the owner of a home assessed at $300,000 will see an increase of about $148 in school taxes next year. "We're asking for a small increase in operating expenses. When you look at the cost of gas, we know we needed a small increase in the…
Monday, March 26, 2012
If the school budget were presented to voters, would you support it?
The South Brunswick Board of Education will hold a public hearing on the school budget tonight (March 26). Unlike previous years, residents will not get to vote on the school budget next month. The Board of Education voted unanimously in February to move the annual school elections to November. Officials estimated the move could save the district $36,000 on the cost of running the April election. At a meeting earlier this month, the board discussed adopting a spending plan that would increase the school tax rate by about 1.7 percent, but maintain staffing at current levels. The proposed 4.9-cent increase would result in a 2012 tax rate of about $2.85 per $100 of assessed valuation. The owner of a township home with an assessed value of $…
Tuesday, March 13, 2012
The other option would hold the tax rate at its current level by cutting nearly 40 staff members.
The South Brunswick Board of Education is discussing a spending plan that would increase the school tax rate by about 1.7 percent, but maintain staffing at current levels. The proposed 4.9-cent increase would result in a 2012 tax rate of about $2.85 per $100 of assessed valuation. The owner of a township home with an assessed value of $190,000 would see their school taxes go up by about $100 if the board approves the spending plan. During last night's meeting, preliminary discussions began for the public with two options presented for next year's school budget: A tax-rate increase without any staff cuts, or keeping the tax rate at its current level, which would require cutting over 30 staff members. As has been the trend throughout the …
Marty Abschutz
10:40 am on Friday, May 3, 2013
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