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.