.

Tentative Little Silver School Budget Hits 2-Percent Cap 'On the Nose'

The district's net gain from total state aid increased $61,000 from 2011-2012

The Little Silver Board of Education approved the 2012-2013 tentative budget at its meeting Feb. 23 that meets the state's 2-percent cap "on the nose," according to Board President Kevin Brennan.

He stressed that the general fund budget, which calls for $10.7 million to be raised by taxes, was still tentative and that the board's finance committee hoped to bring down the total increase to at least 1.9 percent, as it had last year.

A public hearing will be held on March 29 on the final 2012-2013 budget at 7:30 p.m. in the media center. Due to recent legislation and approval by the LSBOE, the budget does not have to be voted on in April by taxpayers as long as it stays within the 2-percent cap.

The district received $294,703 in total state aid, according to Business Administrator Amy Lerner, which is an overall increase of $70,000 from last year. Lerner said that the district only realized a $61,000 net gain because the state charged an assessment on SDA funding Little Silver received when it made improvements to the school in 2005.

School Superintendent Carolyn Kossack said some things affecting the budget were rising health care costs for staff and the anticipated enrollment of a special needs child in the district who will require the hiring of an aid.

The superintendent said the district made cuts like allotting $1,500 rather than $2,000 to fix musical instruments and will use revenue generated through the PTO's book fairs to purchase books for the media centers rather than budget for those items.

Kossack had said at the special meeting the board held on Feb. 16 to discuss full-day Kindergarten in the district, that increasing the budget 2 percent annually was a "realistic expectation," based on rising cost like utilities and health care.

"From an operating standpoint," she said to the audience, "your taxes will increase to some degree."

The district will benefit from the $50,000 raised by the Education Foundation of Little Silver, which will be used to purchase eight SMART boards. Once that equipment is installed, Kossack said that every 3rd, 4th and 5th grade classroom will have a SMART board for teachers and students.

The following chart shows the numbers, reflecting the state aid received last week:


Budget Local Tax Levy Total General Fund 11,692,055 10,713,568 Total Special Revenue Fund     150,006      n/a Total Debt Service Fund  1,031,421  1,031,421 Totals 12,873,482 11,744,989
John Anderson February 27, 2012 at 03:13 PM
Tax and spend BOE at it again!
Don February 27, 2012 at 05:56 PM
If you want great schools and a safe place to live, one way or another you have to pay for it.
Dentss Dunnagun February 27, 2012 at 10:50 PM
John ,don't you know by now "it's for the kids" and an good school keeps property values up .......of course if you stay in town for 20 years and pay the highest taxes in monmouth county your a loser ....home value LS 1.5 million... taxes 35,785....Spring lake home value 1.5Million taxes 10,247...http://php.app.com/mod4_10/details.php?recordID=2077842 ...http://php.app.com/mod4_10/details.php?recordID=1960714 .......tell me how you justify that
S Talarico February 28, 2012 at 12:42 AM
Knock me over with a feather; the budget increase caps out at 2%. This year the reason is the increased cost of teacher benefits and an aide for a student. This after we were told that the district saved money with the new forced 1.5% deduction from salaries to pay for benefits. When the 2 new teachers are needed for full day kindergarten next year, where will the money come from then? My salary went down this year. My husband's salary has been flat for the last 7 years. But, my taxes keep going up and up and up and up. We won't be able to stay in LS when I reached the stage of a fixed income.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »