{"id":7863,"date":"2016-03-16T02:11:57","date_gmt":"2016-03-16T06:11:57","guid":{"rendered":"https:\/\/www.shorebeat.com\/brick\/?p=7863"},"modified":"2016-03-16T03:54:33","modified_gmt":"2016-03-16T07:54:33","slug":"proposed-brick-school-budget-to-rise-7-1m-hike-taxes-by-5-7m","status":"publish","type":"post","link":"https:\/\/shorebeat.com\/brick\/2016\/03\/proposed-brick-school-budget-to-rise-7-1m-hike-taxes-by-5-7m\/","title":{"rendered":"Proposed Brick School Budget to Rise $7.1M, Hike Taxes by $5.7M"},"content":{"rendered":"
\"Brick<\/a>

Brick Township Board of Education\/Schools (Photo: Daniel Nee)<\/p><\/div>\n

Brick residents\u00a0may face a school budget and tax levy that will rise by millions of dollars for the 2016-17 school year under a budget proposal set to be presented at a board meeting scheduled for Thursday night.<\/p>\n

A tentative budget for next school year, which appears\u00a0on an agenda for the meeting<\/a>, includes an operating budget and\u00a0debt service total\u00a0of\u00a0$154,065,709, which will be supported by a tax levy of\u00a0$105,695,802. Compared with the budget adopted last year, the spending plan for\u00a0the coming school year will rise by\u00a0$7,135,442 with the tax levy \u2013 the amount residents must pay toward the budget \u2013 rising\u00a0$5,695,081.<\/p>\n

The tentative budget included in the agenda does not detail the reason for the increase. A new contract covering salaries and benefits for the district\u2019s teachers \u2013 the largest budget items \u2013 was tax neutral<\/a>, with pay increases offset by give-backs in the teachers\u2019 health benefits plan, officials said at the time in July 2015. Debt service payments are forecast to decrease between the 2015-16 and 2016-17 school years.<\/p>\n

Board President John Lamela did not return a call from Shorebeat seeking comment.<\/p>\n

Though both the expenditure and tax levy increase would exceed\u00a0the state\u2019s 2 percent cap law, triggering a referendum vote, it is likely that the increases will be exempt from the cap due what is known as a cap bank. The practice, often cited as a loop hole<\/a> in the cap law, allows a municipality or school district that has stayed under the cap in up to three previous years to \u201cbank\u201d the difference between the full 2 percent at the amount actually budgeted\u00a0and raise taxes and spending based on that figure in subsequent years. Officials, in the past, have said the district, which has had either zero or minimal tax increases over the past several years, has about $7 million in its cap bank. Though known as \u201cbanked cap,\u201d\u00a0the money is not held in an account \u2013 it is simply money that was never\u00a0raised in previous years and must be raised through taxation when finally used.<\/p>\n

\"The<\/a>

The 2016-17 Brick BOE budget, as proposed.<\/p><\/div>\n

\"The<\/a>

The 2015-16 Brick BOE budget, as adopted.<\/p><\/div>\n

The tentative budget may be changed before it is adopted, meaning it could either increase or decrease as necessary. The board\u2019s finance committee, responsible for recommending the budget to the full board, is made up of board\u00a0members Stephanie Wohlrab and Victoria Pakala.<\/p>\n

The meeting where the tentative budget is set to be introduced will be held Thursday at 7 p.m. in the Brick Township High School auditorium. The meeting will include a public comment period, though the formal public hearing on the budget will take place April 28.<\/p>\n

<\/div><\/div>","protected":false},"excerpt":{"rendered":"

Brick residents may face a school budget and tax levy that will rise by millions of dollars for the 2016-17 school year under a budget proposal set to be presented this week…<\/p>\n","protected":false},"author":1,"featured_media":3140,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[13],"tags":[2004,41,24,2003,2002,1112],"class_list":["post-7863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brick-schools","tag-banked-cap","tag-board-of-education","tag-brick-nj-news","tag-cap-bank","tag-tax-hike","tag-taxes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/shorebeat.com\/brick\/wp-content\/uploads\/2015\/01\/DSC_0004.jpg","jetpack_shortlink":"https:\/\/wp.me\/pgt2Ft-22P","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts\/7863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/comments?post=7863"}],"version-history":[{"count":0,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts\/7863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/media\/3140"}],"wp:attachment":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/media?parent=7863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/categories?post=7863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/tags?post=7863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}