FREEHOLD TOWNSHIP – The Freehold Township K-8 School District Board of Education has introduced an $83.6 million budget that will fund the operation of the district during the 2020-21 school year.
Following a discussion among district administrators and board members, the budget was introduced on March 10. 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 for the upcoming school year will be supported by a tax levy of $72.9 million to be paid by Freehold Township’s residential and commercial property owners. The district’s state aid will increase by $75,000, from $4.59 million in 2019-20 to $4.66 million in 2020-21.
The school district’s 2019-20 budget totaled $81.8 million and was supported by a tax levy of $71.4 million.
Specific information about the tax impact of the 2020-21 budget on the township’s property owners is expected to be provided when the budget is considered for adoption.
“I am very proud we are able to balance the continuity of our high quality instructional programs with fiscal responsibility to our taxpayers,” Superintendent of Schools Neil Dickstein said after the budget was introduced.