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<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Author</th> <th class="thCornerR">Message</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>news</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Fri, Mar 23 2007, 8:12 pm EDT<span class="gen"> </span> Post subject: Hearing set for Cranbury school budget</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Residents will get a chance to talk about the district's 2007 school budget Tuesday. <br /> <br /> A public hearing for the $16.7 million spending plan will take place at 7 p.m. in the Large Group Instruction room at Cranbury School. Voters will get their say on the plan at school elections April 17. <br /> <br /> The budget, which is 12.8 percent larger than last year's $14.8 million plan, was introduced March 6. It includes $6 million to pay for salaries and wages, up from $5.8 million in 2006. <br /> <br /> The plan also calls for $4.1 million to cover tuition for 253 regular students and 12 special education students to attend Princeton High School next year, $1.8 million for employee benefits and $910,236 to cover debt service. <br /> <br /> The new plan requires $15.5 million to be raised in taxes. <br /> <br /> If approved by voters, 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. <br /> <br /> However, it's difficult to compare the new rate with last year's because property value in the township has increased as a result of a revaluation, which drove down the tax rate. The revaluation increased the average residential assessment from $219,439 to $673,176. <br />... <br /> <br />(<a href="http://www.zwire.com/site/news.cfm?newsid=18119771&BRD=1091&PAG=461&dept_id=425419&rfi=6" target="_blank" class="postlink">more</a>)</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
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