LAKE COMO, NJ — An enrollment decline of Lake Como students will translate into a school tax decline for borough property owners for the upcoming school year.
The Lake Como Board of Education on March 28 approved a tentative $3.86 million budget for the 2018-2019 year, with nearly $2.6 million to be raised through taxation. That total levy represents a $100,000 decrease from the current year, based on a 3.6 percent enrollment decrease that translates to some 20 students, according to school officials.
While as a nonoperating school district that primarily funds tuition and transportation costs to sending school districts, it does maintain a healthy surplus in case those expenses change, Board Secretary Loretta Hill explained.
Under the proposed budget, there are 103 children included in the Lake Como enrollment tally, with another nine anticipated prekindergarten pupils based on new registrations to date.
The proposed budget will now be submitted to the Monmouth County Superintendent of Schools for approval. A public hearing and final vote on the spending plan is scheduled for the Lake Como school board’s next meeting on April 25.
In other business, Patricia Gerris officially took her seat on the Lake Como Board of Education. A former board member, she replaces Joseph Oleskiewicz who resigned on January 1 and had one year remaining on his term.
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