State Aid Remains Flat to Middletown Township, School District
Also, the school board proposes a 2013-2014 budget that will seek a 1% raise in the tax levy.
State aid to both the municipal government as well as the Middletown Township school district will remain flat this year, according to figures released by the state.
The township will receive $6,052,688 from the state government, the same amount it received last year.
The school district will receive $17,511,412 -- also the same amount as last year.
The municipal government and school district are separate entities whose budgets -– as well as the state aid allocated to each – are not related.
The Board of Education, which controls the school budget, released a tentative $147,856,250 operating budget Wednesday that calls for 1% increase in the tax levy. The proposed 2013-14 budget tax levy is $126,254,312, up $1,250,042 from the year before.
The school board estimates that the tax impact would be $53.24 more annually in school taxes, for the owner of a house assessed at $375,000, the township's average.
Details about the tentative budget and proposed initiatives that were introduced Feb. 27 are posted on the district website.
On the municipal side, officials are still in the process of preparing the budget, which is typically introduced at the end of March or beginning of April.
Click here to see NJ Spotlight's interactive map illustrating the one-year change in school aid statewide under Gov. Chris Christie's budget proposal for the 2013-14 school year.