Washington Township residents will officially see decreases in their school tax bill for both districts after the K-8 board of education voted to approve its 2012-13 expenditure plan, which carries a tax levy that is 1-percent lower than the current budget.
The total budget comes in at $41,684,583 with a tax levy of $30,409,527. That tax levy–the portion affecting the taxpayer–is subject to a state mandated 2-percent cap, and actually comes in 1-percent lower than the current levy.
The tax rate for the approved budget is $1.134 for every $100 on the average home in Washington Township, assessed at $436,000. That rate is down 0.001 from the current tax rate of $1.135. The impact for a Washington Township taxpayer with that home value is $4,944.24 annually; down $4.36 from the current school year.Washington Twp. Schools Budget Tax Levy Overall Budget State Aid Tax Rate 2011 $30,705,982 $42,075,649 $7,411,513 $1.135 2012 $30,409,527
$41,684,583 $7,997,562 $1.134
In the new budget, all current levels of curricular and co-curricular activities will remain, according to the budget outline.
World Language curriculum will also be extended in the sixth grade to a third of the year, rather than a fifth.
The district received $7,997,562 in state aid for the coming school year, an increase of $586,049. Unlike this year, however, the district did not receive federal aid. For the current budget, Washington Township was given $291,723 in federal money.
, and Washington Township saw a decrease of $19 annually for a homeowner with a $500,000 home.2012 Home Value Tax Rate Annual Tax Impact Annual Change Washington Township $436,000 $1.134 $4,944.24 ($4.36) West Morris Regional $436,000 $0.5254 $2,290.74
($16.57)2011 Home Value Tax Rate Annual Tax Impact Washington Township $436,000 $1.135 $4,948.60 West Morris Regional $436,000 $0.5292 $2,307.31
have an enrollment of 2,556 for the 2011-12 school year, and currently project a 3.36-percent drop for 2012-13, with a pupil population of 2,470.
Neither budget will be voted on, as has been the customary practice, as both their respective this year.
By doing so, a public vote on the budget is eliminated for the next four years under a new law.