03 cents – per $100 of assessed valuation from 3.227 in 2021-22 to 3.197 this year. The levy remains the same from the 2021-22 school year.įor 2022-23, the school district tax rate is decreasing by approximately –. The proposed budget is supported by the collection of a $235.01 million tax levy from the township’s residential and commercial property owners. Residents with homes assessed at the municipality’s average $181,400 value can expect a $23 decrease in their school taxes from $5,822 to $5,799. The proposed total budget for 2022-23 school year is an increase of $14.86 million from the 2021-22 school year budget of $285.60 million. The BOE approved the tentative $300.46 million budget at a meeting on March 22, to fund the operation of the school district from July 1, 2022, through June 30, 2023. With the 33% increase, it brings the state aid for the 2022-23 school from $35.84 million to $47.60 million. “This is a significant commitment on this BOE and former BOE to take the state aid monies and put it towards its intended use … to provide tax relief to our community,” he said.
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