Monday, March 25, 2013
Average Nutley homeowner to see an increase of about $57 in school taxes.
The Nutley School Board passed its 2013-2014 budget unanimously following a brief public hearing on Monday night. The budget raises taxes $57.19 for the average Nutley home for a total tax levy of $52,931,802. Including money from the special revenue with debt service funds, the school's total budget is just over $64 million. Superintendent of Schools Russell Lazovick said the money was slated in accordance with the board's strategic plan for the district, with the school making its largest investments in instructional resources, professional development, student information systems and performance tracking. School officials said adding they planned meticulously, going line by line through the budget for savings. Lazovick said the …
Friday, March 1, 2013
Nutley School Superintendent says they planned on flat funding.
In a statement accompanying the announcement of state aid numbers, New Jersey Governor Chris Christie's office said that every district would receive an increase in K-12 formula aid or maintain flat funding from the previous school year. Nutley technically received an increase, but really only technically, as it was an increase of a single dollar. A school official indicated that the district would operate as if they received a flat maintainence of funding. "We build our budget assuming flat funding, so this information has been planned for," Nutley Schools Superintendent Russell Lazovick said. According to an announcement from the Governor's office, the Nutley school district will receive $6,921,852 in K-12 total aid for 2013-2014, …
Tuesday, December 18, 2012
Board of Education's auditors report that the money must be applied to the 2013-14 school budget to keep tax rates from rising, and should be used for one-time only expenses.
The Nutley Board of Education learned Monday night that the school district has $1.6 million excess surplus that must be used to reduce spending and taxes increases in next year's budget. Gary Vinci of the auditing firm of Lerch, Vinci & Higgins told school officials that the district has a total of $3,450,000 in surplus, but the $1.6 million has a specific use. "The district is required to use the balance in the 2013-14 budget," Vinci said. Because the amount of excess surplus can greatly fluctuate from year to year, he recommended how the school board should use the money. "The surplus should be used for one-time expenses," Vinci said. The total $3.45 million represents about 2 percent of the total budget, he said. Vinci said the …
Lynn
8:16 am on Wednesday, March 27, 2013
In my humble opinion, spending money to educate anyone, especially children into young adults, is the best investment we can ever make for the future to ensure a civilized and confident future society moving forward into the next generation... :-) "If you think education is costly, try ignorance" author unknown more ›