SEA ISLE CITY — “A closed school district doesn’t have the headaches others have,” school board President Dan Tumolo said this week in explaining how the city’s 2014-15 school budget was introduced and adopted in one evening last month.
The $2,479,449 budget represents an 18 percent, or $428,000, decrease from the current school year budget. The owner of an average home assessed at $735,000 will pay $68 less in school taxes in the coming year, $372 this year versus $304 next year.
Currently, 93 students in grades kindergarten to 12 attend Ocean City’s schools under a send-receive agreement. That number will drop to 80 in 2014-15, resulting in the budget reduction.
In the two years that Sea Isle City Elementary School has been closed, property owners have realized $1.5 million in tax savings.
Overall, since the school closed, Sea Isle homeowners have seen a 41 percent reduction, or $218 per average household, in their school taxes, from an average $522 per year to next year’s $304.
Sea Isle City’s district is the most recent to close in The Press of Atlantic City coverage area, indicative of an increasing older population.
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