GLEN ROCK, NJ – The Glen Rock Board of Education will defer its recent award of nearly $150,000 in state aid to be utilized in the 2019-2020 budget for tax relief, according to board officials.
The school district received the monies on the heels of the recent funding formula reform approved by the state senate in June which called for more fair redistribution of hundreds of millions of dollars in state aid to New Jersey public school districts.
The Glen Rock Board of Education voted unanimously Tuesday to defer its receipt of $92,038 in categorical special education aid and $56,781 in categorical security aid from the state Department of Education for use in the 2019-2020 district budget for tax levy relief, according to a board resolution.
Board Members Rona McNabola, Megan Findley and Sanjiv Ohri were absent.
The $92,038 in categorical special education aid will help supplement a roughly $600,000-$800,000 gap as the board continues to address “issues” with respect to out-of-district special education placement, Board Secretary Michael Rinderknecht said.
Appropriations for the 2018-19 school year are significantly higher. Special education out-of-district placements increased by $980,769 and employee health benefits are up $857,480.
The board passed a $54.4 million spending plan in April for the 2018-19 school year, carrying a tax levy increase of 2.2 percent over last year, or $43.5 million total. On the average assessed home valued at $563,170, taxpayers can anticipate an increase of $246.11 in their tax bills for the upcoming year.