https://linebet-bangladesh.com/en/mobile

Howell school board introduces $121M budget

Date:

Share post:

By Peter Elacqua
Staff Writer

HOWELL – The Howell K-8 School District Board of Education has introduced a $121.4 million budget that will fund the operation of the district from July 1, 2017 through June 30, 2018.

- Advertisement -

A public hearing on the budget has been scheduled for May 3 at Howell Middle School North, Squankum-Yellowbrook Road.

The $121.4 million budget will be supported by the collection of $78.1 million in taxes from Howell’s residential and commercial property owners. The district will receive $33.4 million in state aid during the upcoming school year, according to budget documents.

The school district’s 2016-17 budget totaled $117.72 million and was supported by the collection of $76.62 million in local taxes and the receipt of $33.12 million in state aid.

In 2016, the average home in Howell was assessed at $318,000 and the K-8 school tax rate was $1.184 per $100 of assessed valuation. The owner of that home paid $3,765 in K-8 school taxes.

In 2017, the average home is assessed at $332,528 and the K-8 tax rate will be $1.162 per $100. The owner of that home will pay $3,863 in K-8 school taxes, according to budget documents.

If a resident’s home was assessed at $250,000 in 2016 and is still assessed at $250,000 in 2017, his K-8 school tax will decrease from $2,960 to $2,905.

If a resident’s home was assessed at $400,000 in 2016 and is still assessed at $400,000 in 2017, his K-8 school tax will decrease from $4,736 to $4,648.

In addition to K-8 school taxes, a property owner in Howell also pays municipal taxes, Freehold Regional High School District taxes, Monmouth County taxes, a fire district tax and other assessments.

Business Administrator Ron Sanasac said there will not be any staff changes and said the anticipated enrollment for the 2017-18 school year is 5,923 children.

Stay Connected

213FansLike
89FollowersFollow

Current Issue

Latest News

Related articles

Princeton Council purchases Lanwin tract for open space preservation

Princeton officials have agreed to purchase the 90-acre Lanwin Development Corp. property on the Princeton Ridge for $9.1...

Petitioners takes issue with HiTOPS curriculum unit

A petition calling on school district officials to revise or remove the intersectionality unit in the Pathways to...

‘Something’s gotta give’

When it comes to the annual budget, Schools Superintendent Michael Volpe tends to be on the conservative side....

‘A true trailblazer of New Jersey’

The day finally came for Bordentown City to officially rename the Bordentown Post Office in honor of American...