CHATHAM, NJ - In addition to added traffic, the update to the River Road Redevelopment plan given on Monday night at the Borough of Chatham Council meeting also projected 32 students being added to the School District of the Chathams.
The River Road Redevelopment calls for 259 rental units on River Road. Chatham Borough Council member Bob Weber noted that the district spends about $16,000 per student, which would put the added burden to the BOE budget at $500,00 for the 32 students.
Chatham Board of Education President Jill Critchley Weber came to the Borough of Chatham Council meeting to speak during the public portion about the impact of the River Road Redevelopment, the Dixiedale townhomes and the affordable housing planned for the Skate Park site on Southern Boulevard.
Board president Weber came to the meeting to reiterate that the increased revenue will not increase the BOE revenue since the district is limited to a two percent increase each year. She makes her point in the video below.
The current tax revenue from the proposed River Road Redevelopment site is $84,000. Council member Thaddeus Kobylarz, who will be sworn in as the mayor of Chatham Borough in January, pointed out that a portion of the Payment in Lieu of Taxes (PILOT) revenue could be put toward school costs.