School district to approve budget
Aberdeen, Matawan officials support new tax rates
Posted by the Asbury Park Press on 06/6/06
BY JANEEN JONES
KEYPORT BUREAU
ABERDEEN — The Matawan-Aberdeen Regional School District has made adjustments to its defeated 2006-07 budget that will mean about 3 cents less in the school tax rate for the two towns' taxpayers.
The governing bodies of Aberdeen and Matawan have approved the new tax rates proposed by the regional school district, said Charles Shay, business administrator for the district.
The Matawan-Aberdeen School District will meet June 19 to approve the new budget, he said.
The rejected tax levy, part of the $59,137,261 school budget presented to the voters in April, now will be reduced by $750,000, which is equal to about 3 cents per $100 of assessed home value in the budget, Shay said.
Under the revised budget, Aberdeen's new school tax rate is $3.508 per $100 of assessed value. The tax rate was $3.5381 per $100 of assessed value for Aberdeen under the defeated budget. Aberdeen's new tax rate is an increase of 15.24 cents per $100 of assessed home value from the 2005-06 budget, not 18.25 cents per $100, as proposed in the defeated budget, Shay said.
An owner of a home assessed at $150,000 in Aberdeen will pay $5,262, or $45 less than under the defeated budget.
Under the revised budget, Matawan's new school tax rate is $3.2186 per $100 of assessed value. The tax rate was $3.2464 per $100 of assessed value under the defeated budget. The tax rate for Matawan residents will increase by 12.91 cents per $100 of assessed home value under the revised budget, instead of 15.69 cents per $100 of assessed value. An owner of a home assessed at $150,000 in Matawan will pay $4,827.90, or about $42 less than under the defeated budget.
Voters rejected the total local tax levy of $43,144,422, with Aberdeen contributing $29,130,227 and Matawan contributing $14,014,195. The revised budget has a total local tax levy of $42,394,422, with Aberdeen contributing $28,891,344 and Matawan contributing $13,503,078.
The $750,000 in savings will come from several places in the budget, Shay said.
The regional district will save $289,688 in staffing changes because of retirements and savings through attrition. None of the current staff is being cut.
The regional district also saved $79,320 by not opening an alternative school for children who experience attendance issues or difficulty with the regular school program. Currently, the district sends those students to other districts. The superintendent had thought it would be less costly to have their own program within the district, Shay said. But after the budget was defeated, the district decided to cut the program and reinstated the tuition that would have gone to that program.
The regional district also will save $115,000 in New Jersey Natural Gas payments. The district was able to save money by signing a long-term contract in advance.
Officials also saved $115,992 in its prescription and dental benefits for staff because actual premiums were lower than estimated in the budget.
The regional district also will use $150,000 from its surplus of the 2005-06 budget.
Aberdeen, Matawan officials support new tax rates
Posted by the Asbury Park Press on 06/6/06
BY JANEEN JONES
KEYPORT BUREAU
ABERDEEN — The Matawan-Aberdeen Regional School District has made adjustments to its defeated 2006-07 budget that will mean about 3 cents less in the school tax rate for the two towns' taxpayers.
The governing bodies of Aberdeen and Matawan have approved the new tax rates proposed by the regional school district, said Charles Shay, business administrator for the district.
The Matawan-Aberdeen School District will meet June 19 to approve the new budget, he said.
The rejected tax levy, part of the $59,137,261 school budget presented to the voters in April, now will be reduced by $750,000, which is equal to about 3 cents per $100 of assessed home value in the budget, Shay said.
Under the revised budget, Aberdeen's new school tax rate is $3.508 per $100 of assessed value. The tax rate was $3.5381 per $100 of assessed value for Aberdeen under the defeated budget. Aberdeen's new tax rate is an increase of 15.24 cents per $100 of assessed home value from the 2005-06 budget, not 18.25 cents per $100, as proposed in the defeated budget, Shay said.
An owner of a home assessed at $150,000 in Aberdeen will pay $5,262, or $45 less than under the defeated budget.
Under the revised budget, Matawan's new school tax rate is $3.2186 per $100 of assessed value. The tax rate was $3.2464 per $100 of assessed value under the defeated budget. The tax rate for Matawan residents will increase by 12.91 cents per $100 of assessed home value under the revised budget, instead of 15.69 cents per $100 of assessed value. An owner of a home assessed at $150,000 in Matawan will pay $4,827.90, or about $42 less than under the defeated budget.
Voters rejected the total local tax levy of $43,144,422, with Aberdeen contributing $29,130,227 and Matawan contributing $14,014,195. The revised budget has a total local tax levy of $42,394,422, with Aberdeen contributing $28,891,344 and Matawan contributing $13,503,078.
The $750,000 in savings will come from several places in the budget, Shay said.
The regional district will save $289,688 in staffing changes because of retirements and savings through attrition. None of the current staff is being cut.
The regional district also saved $79,320 by not opening an alternative school for children who experience attendance issues or difficulty with the regular school program. Currently, the district sends those students to other districts. The superintendent had thought it would be less costly to have their own program within the district, Shay said. But after the budget was defeated, the district decided to cut the program and reinstated the tuition that would have gone to that program.
The regional district also will save $115,000 in New Jersey Natural Gas payments. The district was able to save money by signing a long-term contract in advance.
Officials also saved $115,992 in its prescription and dental benefits for staff because actual premiums were lower than estimated in the budget.
The regional district also will use $150,000 from its surplus of the 2005-06 budget.
