Hazlet Board of Education Cuts Tax Rate: Public Hearing Set for May 3rd | #Education

HAZLET, NJ – Hazlet taxpayers may be breathing a sigh of relief as the difficult year with COVID-19 starts to get a little better with more in person learning. In addition, a modest cut to their tax rate in the proposed budget can make a dollar travel just a little farther.

 May 3rd 2021 is the scheduled public hearing date for the Hazlet Schools 2021-2022 Budget.

According to the schools, ‘the Superintendent’s budget recommendation is the result of an extremely important planning process. It is a statement that represents the culmination of the administration’s comprehensive review of our utilization of our resources to ensure that the children of Hazlet Township have not only an “adequate” education, but an education second to none.  Therefore, as a leadership team we must take nothing for granted and devote ourselves to establishing a superior method for allocation of resources.”

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The Hazlet school district will be holding its public hearing on the budget with stable enrollment over the past number of years there are a total number of students on the role of 2685 that includes 510 special education students

 

The local tax levy proposed is $42,046,596 the most recent year ending in June is $41,222,153.

 

Many line items affect the ultimate budget a few notable ones list the total revenues from local sources going up from $41,701,203 of two $42,480,646 overall however taking into account a significant reduction in revenue from state sources overall general fund revenues are down by almost $400,000. The district also cut general fund current expenses by about $300,000

Debt service fund expenses are down about $100,000 for the new budget

 

In other fund balance categories it is anticipated that the maintenance reserve will be reduced by an additional $400,000 in the upcoming year and that the legal reserve will be reduced from 2.3 million down to zero ultimately the district breaks down for residents in the budget document the advertised per-pupil cost calculation.

You can review the budget HERE.

The total budgetary per-pupil cost is expected to stay relatively the same – down by about $100 – the revised 2020 budget showed the cost per pupil at $18,929 the new proposed comparative per-pupil cost is $18,881. A large reduction is indicated in general supplies $44,047,095 the school tax rate with repayment of debt is 1.64 and textbooks most recent years is $483 per student that is projected to be $395 for the proposed budget that difference alone reduces the budget by over $200,000 – in summary the general fund school levy is $41,634,374 the equalized  total school tax rate is 1.64. Last year it was over 1.67.

You can watch the March 22, 2021 meeting here:

 

“We do our best to make sure that our goals and objectives are matched with our available resources in a way that enhances our educational endeavors over time. Simply adding percentage increases over existing costs is not a financially prudent method of budgeting. We need to annually examine the prior year’s actual expenditures as well as current expenditures to date to systematically project the district’s needs into the future.  We all must be prepared to re-evaluate these needs as conditions change.  The budget includes a large amount of funding for technology purchases and facility improvements.” according to the school website.

“The budget process included a continued review of all the district’s operations to ensure that our resources are being utilized as effectively and efficiently as possible.”

Budget



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