If the budget is approved, taxes would increase $114.03 for the average homeowner.
Earlier this month, the Board of Education voted to approve the tentative 2017–2018 budget and authorized the board secretary to submit it to the executive county superintendent of schools for approval.
The total budget is $50.8 million with $34.99 million to be raised through taxation. The district is proposing a tax levy increase of 2 percent — a $747,689 increase. The total budget is up 2.68 percent from 2016–2017.
For the average Cinnaminson home valued at $232,193, school taxes would increase by $114.03 per year, or approximately $9.50 per month. The tax rate per $100 of assessed home value will rise 0.049 cents.
As the assessed property value in Cinnaminson has decreased from 2016, school taxes will automatically increase by $5.
The budget maintains all current programs and services.
“The necessary funds to maintain and, where appropriate, add to the instructional staff as well as continue a quality instructional program has been possible with significant local effort and continued state support,” board secretary Thomas Egan said.
Egan also noted state aid has assisted in the budget process, and class size at all district levels has been kept steady.
The public hearing on the budget is tentatively scheduled for Tuesday, April 25. The next regular Board of Education meeting is Tuesday, April 11 at 7:30 p.m.
