Vernon school district unveils $68M budget

Spending plan for 2014-15 includes $720,000 decrease from last year; lower tax levy


Make text smaller Make text larger




The Vernon Township Board of Education recently unveiled its $68 million 2014-15 budget to the county, which features a a $720,000 decrease from the 2013-14 budget.

By the numbers

Total for 2014-15: $68 million
Change from 2013-14: $-720,000
Tax Rate: $1.56 per $100,000 of assessed value
Projected fund balance: $1.38 million

It also is down more than $1.1 million from two years ago. It also includes a change in the tax levy, asking for less from township taxpayers.

The tax rate for the school portion of the taxes is $1.56 per $100,000 of assessed value.

The district got a slightly larger aid package from the state for next year, according to School Business Administrator Stephen Kepnes. The total aid was $25,034,455, which is about $66,000 more than the district got for the 2013-14 school year.

This allowed the district to keep its savings healthy as well. Kepnes projected the capital reserve, which is used to fund major projects in the district, to have $505,514 in June 2015. The district will save a 2 percent fund balance of $1.38 million.

The Board of Education put $207,269 of the fund balance back into the 2014-15 budget, but the results are worth it. Among the improvements in the budget are:

An additional Kindergarten section at Walnut Ridge to help address the 40% of incoming children who are not meeting the DIAL-4 screening (Developmental Indicators for the Assessment of Learning)

An additional third grade section at Cedar Mountain to reduce class size;

Subsidizing of the SAT preparation class for VTHS students;

Complete library renovation at Walnut Ridge;

Replacement of 31 classroom sinks, countertops, vanities and faucets at Rolling Hills;

Repaving of Rolling Hills and Lounsberry Hollow parking lots;

Playground installation at Cedar Mountain;

Window and door replacement projects at Glen Meadow;

Renovations to create a testing center at the high school.

Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Law creates Lake Hopatcong Fund
Governor Chris Christie has signed into law a bill sponsored by Sens. Anthony Bucco, Steven Oroho and Joe Pennacchio establishing...
Read more »

Governor approves death benefit legislation
TRENTON — Legislation sponsored by Senator Steve Oroho (R-Sussex, Warren, Morris) to help families secure state and federal benefits after the death of a loved one has been...
Read more »

Legislation to lower electric co-op rates is law
Legislation sponsored by Senator Steve Oroho and Assemblyman Parker Space (both R-Sussex, Warren, Morris) to assist Sussex Rural...
Read more »

Chamber plans workplace seminar
NEWTON — Ranging from the worst mass shooting incident in U.S. history in Las Vegas, to the most deadly terror attack in New York City since 9/11 on Halloween day involving...
Read more »
Image

VIDEOS



* indicates required
Community Newspapers


MOST READ

Sports
VTHS honors outstanding athletes
  • Jan 12, 2018
Local News
Parade Grand Marshall luncheon planned
  • Jan 12, 2018

MOST COMMENTED



Find more about Weather in Lafayette, NJ