Schools
More State Aid Keeps School Taxes Flat in Oceanport
The board of education approved the $9.88 million budget at its March 22 meeting.
The $49,000 increase in state aid that the School District received for next year helped keep taxes flat, despite slight increases in almost every area of the recently-approved budget.
The district's unanimously approved the $9.88 million budget, which will raise $8.85 million through the tax levy, at its March 22 meeting.
While the tax bill will stay flat for Oceanport residents, despite the .3 percent increase in the levy, Sea Bright taxpayers will see an 11 percent decrease.
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Oceanport's per pupil cost is $12,964, which is 19 percent lower than the state average per pupil cost for K-8 students of $14,288.
The debt service is also going down with the recent pay off this year of a loan.
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The district will make a significant investment towards upgrading its technology with the infusion of a one-time capital outlay of $114,000 next year.
The following chart, courtesy of the Oceanport School District, is a year-by-year comparison of increases in the budget:
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