Budget presented by Fair Lawn, NJ School Board, 1.75% Property Tax Increase

Tracy Putrino:

A tentative school budget of $83.3 million was approved by the Board of Education on March 3.

The budget includes a tax levy, the amount to be paid by taxpayers, of $73,158,200 million. The tax levy is a 1.75 percent increase over last year and below the 2 percent cap permitted for school districts. With debt service of $1,940,222, the total tax levy is $75 million.

For a property assessed at $411,663, the borough average, it amounts to a $181.93 annual increase or $15.16 a month, according to Superintendent of Schools Bruce Watson.

"We still have three weeks to work on it," said Watson during his presentation. "We can still change it."

Posted by Jim Zellmer at March 4, 2011 1:04 AM
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