School Board Approves 2015-16 Budget; Overall Tax Rate Increases 2.6 Percent

May 8, 2015 Board of Education Taxes

5-7-15 meeting (super)02 — Interim schools Superintendent Lee Seitz said he was “thrilled” that the state did not cut aid to the district.

A $160 million spending plan carrying a 2.6 percent tax hike for the 2015-16 school year was unanimously approved May 7 by the Board of Education.

The budget carries with it a total school portion tax rate increase of about 4 cents per $100 of assessed valuation, from $1.43 to $1.47 per $100. That translates to a $163.95 increase in the school portion tax for the owner of a home assessed at $309,503, the township’s average.

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School Board Approves 2015-16 Budget; Overall Tax Rate Increases 2.6 Percent

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