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Posted: Fri, Mar 30 2007, 6:52 pm EDT Post subject: Cranbury School plan to get public hearing |
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Residents will have a chance to vote $15.5 million tax levy at April 17 school elections, to be held at Town Hall.
The school board approved a $16.7 million spending plan Tuesday that is 5 percent larger than last year's $15.9 million plan.
Residents will have a chance to vote $15.5 million tax levy at April 17 school elections, to be held at Town Hall.
If approved, the school tax rate would be 81.33 cents per $100 of assessed value. Under that rate, the owner of a house assessed at the new township average of $673,000 would pay $5,474 in school taxes in 2007.
Comparing the rate with last year's number is difficult, however, because of a township property revaluation that increased the value of all property in the township and drove down the tax rate. The revaluation bumped up the average residential assessment from $219,439 to $673,176.
Cranbury School Business Administrator Carolyn Eversole said the district will receive $727,735 in state aid this year, $21,196 more than it received last year.
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