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

Upper Freehold Regional school board introduces 2021-22 budget

Date:

Share post:

The Upper Freehold Regional School District Board of Education has introduced a $43.1 million budget that will fund the operation of the district during the 2021-22 school year.

Property owners in Allentown and Upper Freehold Township will be asked to pay a $28.1 million local tax levy to support the budget.

- Advertisement -

Following a discussion among district administrators and board members, the budget was introduced on March 17. A public hearing is scheduled for May 5. The budget, which may be revised until that date, may be adopted by the board following the public hearing.

The $43.1 million budget includes $38.1 million in operating expenses, $4.23 million in debt service and $717,882 in special revenue.

Of the $38.1 million in operating expenses for the upcoming academic year, $29.8 million (78.2%) will be spent on salaries and benefits. The second most costly item is transportation at $2.27 million (5.95%), according to budget information posted on the school district’s website.

Administrators said 12 staff members district-wide will be affected by reductions in the budget for 2021-22.

Upper Freehold Regional is attended by students from Upper Freehold Township and Allentown. Residential and commercial property owners will share the cost of the $28.1 million tax levy. Upper Freehold taxpayers will pay 87% of the tax levy and Allentown taxpayers will pay 12% of the tax levy.

Students from Millstone Township attend Allentown High School through a send-receive relationship between Upper Freehold Regional and the Millstone Township K-8 School District. Millstone Township pays tuition for the students it sends to Allentown High School.

In 2020-21, the school tax rate in Upper Freehold was about $1.84 per $100 of assessed valuation. The average home in the township was assessed at $488,300. The owner of that home paid about $8,984 in school taxes.

In 2021-22, the school tax rate in Upper Freehold is projected to be about $1.86 per $100 of assessed valuation. On a home that is still assessed at $488,300, the owner will pay about $9,082 in school taxes.

In 2020-21, the school tax rate in Allentown was about $1.80 per $100 of assessed valuation. The average home in the borough was assessed at $290,842. The owner of that home paid about $5,234 in school taxes.

In 2021-22, the school tax rate in Allentown is projected to be about $1.83 per $100 of assessed valuation. On a home that is still assessed at $290,842, the owner will pay about $5,321 in school taxes.

School taxes are one item on a property owner’s tax bill, which also includes municipal taxes and Monmouth County taxes.

The amount of taxes a property owner pays is determined by the assessed value of the individual’s home and/or property and the tax rate that is set by each taxing entity.

Upper Freehold Regional’s 2020-21 budget totaled $43.7 million and was supported by a tax levy of $27.5 million.

For the 2020-21 school year, Upper Freehold Regional’s budget was supported by the receipt of $5.25 million in state aid.

For the 2021-22 school year, Upper Freehold Regional’s budget is expected to be supported by the receipt of $4.76 million in state aid, a decrease of $492,930.

Upper Freehold Regional’s state aid has decreased each year since the enactment of state legislation known as S-2 in 2018.

Stay Connected

213FansLike
89FollowersFollow

Current Issue

Latest News

Related articles

Accessible trails make nature available to all

By Tom Gilbert Before being diagnosed with multiple sclerosis in 2009, Karen Richards was an athlete. She could hike...

Monmouth County News Briefs, Nov. 9

An Ocean County man has been arrested and charged with committing a daytime robbery of a West Long...

Protect Liberty State Park’s Caven Point as urban natural area

By Jay Watson In the most urban area of the nation's most densely populated state, there is a small...

Light of Day Winterfest 2023 returning from Jan. 7-20

The Light of Day Foundation has announced WinterFest 2023, the annual music festival taking place from Jan. 7-20...