EGG HARBOR CITY — School District officials passed a $10.4 million 2014-2015 budget Wednesday night, which keeps the school tax rate flat at $1.268 per $100 of valuation.
The owner of a home assessed at the average of $141,000 will pay $1,788 in local school taxes. The amount to be raised by taxes is $3.16 million.
Overall, spending on salaries is down $7,000, while tuition payments out of district are up by about $42,500; health benefits costs are up about $60,000 and a roof and HVAC project will cost $100,000, for an overall increase in spending of $194,833, according to a presentation by Business Administrator Joseph Smurlo.
A one-time decrease in debt service payments this year helped avoid a tax increase, said Smurlo.
There was a net loss in state aid for 2014 of $115,581, from decreases in preschool and debt service aid. General fund aid was up just $9,550. The district is getting about the same amount in general fund state aid for 2014-2015 as it did in 2009-2010, at about $5.2 million, said Smurlo in his presentation.
The district is reducing costs through cuts in spending for supplies, maintenance, professional development and staff summer preparation programs, according to the presentation.
The city held its municipal budget hearing April 24, but tabled the budget’s adoption in the hopes of selling the city-owned ambulance building in time to avoid a proposed 11 cent tax increase.
The budget is not on the agenda for Thursday’s 7 p.m. meeting at City Hall.
The city, which already has the highest effective tax rate in Atlantic County, faces a municipal tax rate increase from about $1.80 per $100 of assessed valuation to almost $1.92, if the sale doesn't happen. The city must raise $4.31 million through the tax levy towards its 5.6 million budget.
The owner of the average home in the city would see an increase of about $169 in the local tax bill, from $2,538 to $2,707.
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