LRHSD preliminary budget findings

The total 2017–2018 budget is $159,131,283 that represents a 1.60 percent increase from the current year.

In preparation for submission to the New Jersey Department of Education, the Superintendent’s office is sharing preliminary budget findings.

The total 2017–2018 budget is $159,131,283 that represents a 1.60 percent increase from the current year. The General Fund Tax Levy increase of 2 percent and a Debt Service Tax Levy increase of $390,514 results in the tax impact outlined below. A more in-depth discussion of budget and tax impact will occur during a public hearing that will take place at the Administration Building, 93 Willow Grove Road, Shamong, New Jersey at 7:30 p.m. on Wednesday, April 26, 2017.

Evesham Township — Tax levy increase of 3.19 cents, resulting in an increase in regional school taxes of $86.16 on a home assessed at the township average of $269,900.

Medford Lakes Borough — Tax levy increase of 2.99 cents, resulting in an increase in regional school taxes of $87.18 on a home assessed at the borough average of $285,900.

Medford Township — Tax levy decrease of 0.21 cents, resulting in a decrease in regional school taxes of $10.49 on a home assessed at the township average of $327,100.

Mt. Laurel Township — Tax levy increase of .73 cents, resulting in an increase in regional school taxes of $17.94 on a home assessed at the township average of $237,700.

Shamong Township — Tax levy increase of 1.19 cents, resulting in an increase in regional school taxes of $38.12 on a home assessed at the township average of $308,169.

Southampton Township — Tax levy increase of 0.02 cents, resulting in an increase in regional school taxes of $1.17 on a home assessed at the township average of $192,129.

Tabernacle Township — Tax levy increase of 3.76 cents, resulting in an increase in regional school taxes of $97.59 on a home assessed at the township average of $263,533.

Woodland Township — Tax levy increase of 2.98 cents, resulting in an increase in regional school taxes of $68.64 on a home assessed at the township average of $259,700.