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.”