School Board Approves $194 Million Budget With Slight Tax Increase
The Board of Education on April 25 approved its $194.1 million FY 2025 general fund budget, which carries a small school portion tax increase. The newly minted budget is roughly $7 million more than the district’s FY 2024 spending plan. School budgets take effect on July 1, so their impact is felt in the last […]
School District 2024-25 Budget Expected To Have Small Tax Increase
A steep cut in state aid and a multi-million dollar increase in charter school tuition presented stiff challenges, but school district officials said the proposed 2024-25 budget should only result in a minor increase in the school portion of township property tax bills. Schools Superintendent John Ravally said the tax rate should be what he […]
School District’s State Aid Cut For FY 2025
School district officials are looking into ways to compensate for the approximately 2 percent cut in state aid for Fiscal Year 2025. The district will receive $21,119,162 in state K-12 aid, a reduction of $386,982 from last year’s figure. A district spokeswoman said the amount cut represents about 6 percent of the equalization aid given […]
School District Receives $175,000 In State Construction Aid
Township schools will receive more than $175,000 in aid to be used for construction and other capital needs of school buildings. The district’s $175,572 allocation from the state Department of Education is the second-highest in Somerset County. Only Bridgewater-Raritan Regional’s $194,138 is more. The aid is part of a $75 million state school aid package […]
Board Of Education Approves $185,000 Worth Of Contracts
The Board of Education on October 19 approved contracts for goods and service worth more than $185,000. The Board approved: All of the contracts total $185,286.
School District Asks State Permission To Continue To Use Modular Classrooms
As promised earlier in the year, an application to the state to use trailer classrooms at five township schools during the 2023-24 school year was approved by the Board of Education at its June 20 meeting. The trailers would be used at Pine Grove Manor, MacAfee Road, Hillcrest and the Franklin Park annex elementary schools […]
Board Of Education Approves $3.5 Million For Goods And Services
The Board of Education at its June 20 meeting approved purchases totaling $3,499,932.68. The Board approved an $85,000 purchase of a dump truck for the District’s Buildings & Grounds department. The truck will be provided by either Nielsen AutomotiveGroup or Pellegrino Fleet Auto Group, both of which are approved vendors. Those contracts approved are: A […]
School Board Approves $214 Million FY 2024 Budget
The Board of Education approved its $214 million spending plan for Fiscal Year 2024 at a special April 25 meeting. The $213,803,051 budget is powered by a $164,387,049 tax levy for calendar year 2023, up $7,285,784 from calendar year 2023. The calendar year 2023 tax rate was set at about $1.20 per $100 of assessed […]
Updated: School Board Committee Discusses Tentative FY 2024 Budget
Update: The Board of Education on March 16 voted to introduce it’s tentative FY 2024 budget. It now goes before the Somerset County Executive Superintendent for review, and final adoption in April. A tentative $214 million Fiscal Year 2024 district budget was unveiled before the Board of Education’s Finance Committee at a special open meeting […]
School District To Receive 38 Percent Increase In State Aid For FY 2024
The Franklin Township school district is targeted to receive more than $21 million in state aid for its K-12 program in Fiscal Year 2024, a nearly 38 percent increase in the amount it received for Fiscal Year 2023, according to figures recently released by the state Department of Education. The district is also slated to […]
