SCOTCH PLAINS/FANWOOD, NJ -- Scotch Plains-Fanwood SPFK12 Business Administrator Deborah Saridaki presented the district's proposed 2020-2021 school budget, which totals $105.8 million, during the Board of Education (BOE).

More than 3/4 of the $105.8 million budget goes toward salaries and benefits, with the rest of the money allotted to tuition, facilities maintenance, transportation, capital expenditures, and other expenses. The district will withdraw $2.25 million from its capital reserve account and expects to receive $6.5 million from the State of New Jersey, leaving the local taxpayers will contribute just over $93 million to the school system next year. 

Related: Scotch Plains-Fanwood to Get $644K Hike as Gov. Murphy Announces School Funding Increases

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 General Fund

  Special
  Revenue

   Debt
  Service

        Total

2020-2021

 

 

 

 

Total Expenditures:

  $101,823,148

  $2,682,134

 $1,294,500

  $105,799,782

Less: Capital Reserve Withdrawal

      $2,250,000

         0

         0

     $2,250,000

Less: Anticipated Revenues (NJ State)

      $6,551,956

  $2,682,134

         0

     $9,234,090

Taxes to be Raised

     $93,021,192

         0

 $1,294,500

   $94,315,692

The proposal was approved by the BOE, and now must be submitted to the County. Assuming approval by the County, the budget proposal comes will come up for a vote on final adoption. A public hearing will be held on the final budget on April 30, 2020, before the BOE votes to approve it.

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