A public hearing on Avalon’s $4.1 million school budget for 2014-15, which keeps taxes flat, will be held 7 p.m. May 7 at Avalon Elementary School, 235 Ocean Drive in Avalon.
At 4:30 p.m. the same day, a public hearing will be held on Stone Harbor’s $3.1 million public school budget, which carries a 2 percent increase over this year, at the Stone Harbor Elementary School, 275 93rd St. in Stone Harbor.
In Avalon, total tax revenue remains $3 million, which is a zero increase over 2013-14. For Stone Harbor homeowners, the total tax revenue of $2.4 million reflects a tax increase of $0.001, said Linda Fiori, business administrator for Avalon and Stone Harbor public schools.
Because the tax ratable base in Avalon increased, the owner of a home assessed at $500,000 would pay $210.60 in school taxes, or a tax decrease of $1.25. There are 63 students in Avalon.
In Stone Harbor, the owner of a home assessed at $500,000 would pay $270.85, or $5.35 more, in school taxes. There are 82 students in Stone Harbor.
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