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Metuchen school board adopts $44.8M budget for 2021-22
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METUCHEN The Metuchen School District Board of Education voted to adopt a $44.8 million budget to fund programs, services and day-to-day operations of the district for the 2021-22 school year.
The $44,876,429 budget adopted by a unanimous vote of board members at the final budget hearing on April 27 represents a $2,406,527 increase over the 2020-21 district budget.
The school tax levy to support the district budget is $42,019,893, and calls for a tax rate of $3.849
per $100 of assessed valuation for property owners.
“As much as budgets are about dollars and cents, and taxes and impact to the community, budgets are equally as much about priorities in the district,” Superintendent Vincent Caputo said. “So I always like to start out with some highlights – what this budget will allow us to do and continue to do at each school.
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Norris said the group, which also named its initial 15-member board Wednesday, hopes to land some operational investment for its activities from industry and other sources, after being funded so far by government.
The goal is also to establish a physical location for the marine innovation hub, providing not only a home base but amenities such as research facilities and manufacturing and creative space for what could grow into a large marine industry.
The plan is to develop new companies focused on the water and create as many as 1,000 new jobs.
The hub will support businesses in commercializing products and services, developing new technologies and growing into new markets.
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