ROXBURY, NJ – The owner of an average house in Roxbury will pay about $88 more per year in taxes to fund the new school budget, it was revealed on Monday.
The tax calculation was provided by Roxbury Schools Superintendent Loretta Radulic during a public presentation of the 2019/2020 district budget. The Roxbury school board later unanimously approved the $76.4 million spending plan.
The budget will require $5,822 in taxes from the owner of a home assessed at $208,343, a figure representing a 2.794 percent school tax rate. Last year’s school tax rate was 2.752 percent, according to Radulic.
Less Money from Trenton
She said the school district sustained a decrease in state aid of about $1.2 million but saw an increase in federal aid of $17,541. The district expects to get about $12.9 million in state aid and about $64,600 from the federal government.
“State aid was difficult this year,” Radulic said. “It’s something that we initially planned for. We found out they reduced the state aid more than we expected, so we did have to address that.”
She said she expects the district to continue to see decreases in state aid. “We’re going to be losing about $4.5 million in the next seven years. Knowing that does help us in constructing the budget because you never want to hit the wall. We always want to make sure we are planning and we are able to address any issues before they actually occur.”
More Capital Outlay
Although the new budget calls for $114,461 less in current expenses compared to last year’s, it includes about $1.5 million more in capital spending, an 82.67 percent increase.
“Our capital outlay has increased,” Radulic said. “Our capital outlay is focusing on several things, one of them is purchasing buses. We are looking to add on to the transportation building. We are also looking at the maintenance storage facility.”
The school tax a big part of property owners' annual taxes. There are also county and municipal government taxes.
The municipal government portion of the average Roxbury homeowner’s tax bill will increase by about $17 per year under a new township budget introduced by the Roxbury Mayor and Council.
The new county budget will increase the average county property owner's tax bill by about $11 per year, according to the county.
Make sure you don’t miss any Roxbury news!
Click here to sign-up for our free, daily e-newsletter.
Want to help support local journalism and promote your business to thousands of community-minded readers? Become a TAPinto Roxbury advertiser! Call 862-259-2448 or click here.