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Keyport school board adopts budget for 2021-22 academic year
KEYPORT – The Keyport Public Schools Board of Education has adopted a $23.69 million budget that will fund the operation of the district during the 2021-22 school year.
The budget, which was adopted by the board on April 28, will be supported by a tax levy of $11.37 million to be paid by the borough’s residential and commercial property owners. Other revenue in the budget includes an appropriation of $715,045 from the district’s surplus fund (savings).
The school district’s 2020-21 budget totaled $24.33 million and was supported by a tax levy of $10.97 million paid by the borough’s residential and commercial property owners.
Keyport school board introduces budget; sets public hearing for April 28
Keyport school board introduces budget; sets public hearing for April 28
Following a discussion among district administrators and board members, the budget was introduced on March 17.
A public hearing is scheduled for April 28. The budget, which may be revised until that date, may be adopted by the board following the public hearing.
The budget will be supported by a tax levy of $11.4 million to be paid by the borough’s residential and commercial property owners. Other revenue includes an appropriation of $715,045 from the district’s surplus fund (savings).
The district’s 2020-21 budget had a school tax rate of $1.39 per $100 of assessed valuation. The owner of a home that was assessed at $290,000 paid about $4,031 in school taxes.
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