Rising tide of state aid keeps school tax rate flat

SOURCE NEWS.SHORENEWSNOW.COM

 

Separate $1 million question seeks voter approval for energy, security upgrades

HAMILTON TOWNSHIP – The local school district presented its proposed 2008-2009 budget during a public hearing Tuesday, March 25.

A PowerPoint presentation supplemented the hearing and was made by Superintendent Frederick Donatucci and Business Administrator Martha Jamison.

The district’s proposed $44.63 million budget, which is up nearly $3.5 million from the previous spending plan, calls for a tax rate of $1.45 per $100 of assessed value, unchanged from the existing rate.

The district is also proposing a separate question for a $1 million bond to pay for security and energy upgrades in the district’s schools. School officials said it would have no tax impact in the proposed 2008-2009 budget and a rate increase of .3 cents the following year.

Based on a $104,000 average property assessment in the municipality, average taxpayers would expect to pay $1,508 toward the local k-8 education schools.

 

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