Edison Township Public School: Budget Breakdown for Upcoming Year

The Edison Township Public School District has announced its budget plan for the upcoming school year, which includes a significant decrease in the school district tax rate and a notable increase in state aid. The proposed budget is supported by a $235.01 million tax levy from residential and commercial property owners.

According to the district's assessment of the township's average home value at $181,400, residents can expect a decrease of approximately $23 in their school taxes. This reduction is made possible due to a decrease in the tax rate from 3.227 cents per $100 assessed valuation in 2021-22 to 3.197 cents this year.

The proposed total budget for the 2022-23 school year amounts to an increase of $14.86 million from the previous year's budget of $285.60 million. The Board of Education (BOE) approved the tentative budget at a meeting on March 22, which will fund the operation of the school district from July 1, 2022, through June 30, 2023.

One notable aspect of the proposed budget is the significant increase in state aid, which has jumped by 33% to $47.60 million for the 2022-23 school year. This substantial commitment will enable the BOE to provide tax relief to the community.

'This is a significant commitment on behalf of this BOE and former BOEs to take the state aid monies and put it towards its intended use – to provide tax relief to our community,' said .

The district is also set to complete a $9 million addition at Lincoln Elementary School, which is expected to be completed by September. Additionally, full-day Kindergarten will be implemented in the fall.

Overall, the proposed budget for Edison Township Public School District demonstrates the district's commitment to providing quality education while being mindful of the financial burden on taxpayers. By leveraging state aid and reducing tax rates, the district aims to create a more sustainable future for its students and community.

Edison township public school