During a second public hearing on the Beach Haven School’s 2015-16 budget, on May 6, the board of education approved a
$1,996,746 financial plan. The board had postponed the budget approval the week before, citing the need for more information.
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| Photo via Asbury Park Press The board tabled the budget approval during the initial hearing a week earlier. |
The only amendment from the initial hearing was an inside budget change. The removal of $5,000 from maintenance services was pushed to instructional supplies.
The amount to be raised by taxation is $1,699,717. Overall, the total expenses between last year’s and this year’s proposed budget increased 3.7 percent, or $71,401. However, the tax levy is up only 2 percent, or $33,328, which is right at the mandated cap. School Choice Aid will cover the additional $38,073.
The local tax rate per $100 of assessed property value for the elementary school district is .103 cents. The tax increase for an assessed home value of $700,000 is $14, or $1.17 per month. It is an estimated increase on the tax rate of .002 cents from last year.
The budget for the Southern Regional School District has not yet been announced.
— Kelley Anne Essinger
This article was published in The SandPaper.
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