Rise in local school taxes approved as district deals with funding cuts

Homeowners in Medford Township can expect to see an average increase of $96.02 to their local school district taxes.

The Medford Township Public Schools’ board of education adopted the 2020-2021 school year budget, unanimously, with a 2.33 percent increase in taxes. The adopted tax rate comes with a $147,669 bank cap to retain general education teaching staff.

Residents with a home in Medford Township at an average assessed value of $326,393 will see an average annual increase of $96.02 in local school district taxes. Increases in the township’s ratables has provided relief to the tax impact on residents.

- Advertisement -

Cap bank had been approved to cover some of the costs relating to a failing domestic water heater at Kirby’s Mil Elementary. A $50,000 withdraw from the capital reserves will be used to offset costs.

Citing continuous cuts to the district’s state funding, School Business Administrator Marie Goodwin directed a $1.4 million cut from appropriations. Specifics on the cuts and the adopted budget can be accessed by visiting Medford.K12.NJ.US, or by reading The Sun’s previous coverage of the budget.

RELATED ARTICLES
- Advertisment -

Latest