By Peter Elacqua
COLTS NECK – A public hearing has been scheduled for 7 p.m. May 4 to give residents a chance to comment on the budget that the Colts Neck K-8 School District Board of Education has introduced for the 2016-17 school year.
The board introduced a $25.6 million budget on April 6 to fund the operation of the district from July 1, 2016 through June 30, 2017. The budget is expected to be supported by a $22.1 million tax levy to be paid by Colts Neck’s residential and commercial property owners.
According to information provided by state education officials, the district will receive $1 million in state aid during the upcoming school year.
District administrators could not be reached to provide additional information about the 2016-17 budget.
The board’s May 4 meeting will be held in the cafetorium of the Conover Road Primary School, 56 Conover Road. The board may vote to adopt the budget following the public hearing.