Holmdel Township School Board to Consider 2020-2021

Budget Tonight to Include Educational Enhancements;

Debt Service Costs Decline as Tax Rate Stays Below State Cap
 

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HOLMDEL (May 6, 2020) – The Holmdel Township School Board will vote on its budget for the 2020-21 school year at its regular monthly meeting tonight at 7PM. Residents will have an opportunity to share their input at a public hearing prior to the vote. The Board held a public presentation of the budget at its Committee of the Whole meeting last week. A copy of the presentation is posted on the District’s website. The $62.5 million budget, which includes a $56.7 million property tax levy, barely grew by less than 1 percent over the previous year.

“We are particularly pleased that we have managed to keep the overall property tax below the state’s 2% threshold and, despite our current construction expenditures that are being made as part of the Holmdel 2020 initiative, we also managed to reduce our debt service due to the careful financial planning, low interest rates and available state aid,” says School Board President Victoria Flynn. “We might be able to reduce our expenditures further, depending upon the level of support we receive from the Township in providing security services to the schools.  I applaud the work of our school administration and board members for presenting a budget that provides substantial investments for academics, arts and athletics.”

The district’s modernization program is driving some of the investments listed in next year’s budget, such as additional staff to support Robotics, Dance, and Mathematics programs, a community partnership program designed to identify internship opportunities for students, and increased investments in our unified sports program which provides recreational opportunities to join students with and without intellectual disabilities on the same team. The District is also actively engaged in the planning necessary for the opening of school in a post-COVID world. 

“The primary purpose of a budget is to translate our mission and goals into dollars and cents,” says School Superintendent Robert McGarry. “This budget brings to life our aspiration to innovate and elevate, providing equitable opportunities for all our students while taking advantage of the enhancements we are putting into place through the Holmdel 2020 Initiative.”

Tonight’s school board meeting will begin at 7:00 via Zoom. Instructions for joining tonight’s meeting are posted on the School District’s web site, www.holmdelschools.org. Any questions should be sent to boardmembers@holmdelschools.org