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2 Percent Cap

Tuesday, January 22, 2013

Budget Talks and More in SOM School District

A recap of recent issues and discussions, ahead of next week's BOE meeting.

It's a busy time in the South Orange-Maplewood School District, as the Board of Education (BOE) is in the thick of budget discussions for the 2013-14 school year. The board has been discussing the upcoming budget since the beginning of this school year. The next board meeting is on Monday, Jan. 28 at 7:30 p.m. (in the District Meeting Room at 525 Academy St.) If you'd like to get up to speed before then, here is a brief summary of what's going on in the district: State of the District Superintendent Brian Osborne recently gave his annual State of the District address; for more information click here. International Baccalaureate/Middle Years Program The district is currently training teachers and staff in anticipation of launching the IB/…

Tuesday, February 28, 2012

Getting Municipal Budget Down to 2% Tax Increase Involves Debate

Initial draft budget presents a $960K gap that must be closed to get to 2% tax cap without using banked cap or exceptions.

At the Township Committee's third and final special budget meeting on Saturday, Township Administrator Joseph Manning presented a total projected budget of $38,225,372.55 for 2012 that is actually $49,536.28 less than the 2011 budget. The draft budget, however, calls for a tax levy increase of 5.6% due to the fact that although expenses have not gone up, other non-tax revenues have decreased. The Township Committee is faced with the need to either cut expenditures or raise revenues by $960,000 in order to not raise local taxes more than 2%. Township elected officials discussed using additional surplus from two accounts plus just under half of the anticipated revenue from the sale of the former police station site at 125 Dunnell Road — a …

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