MANASQUAN — The Manasquan Board of Education approved a $32 million school budget for the 2021-2022 school year Tuesday night.
Superintendent of Schools Frank Kasyan and Business Administrator Peter Crawley presented the budget during the meeting, with district principals and administrators also detailing how the budget will benefit students in the coming school year.
The total budget of $32,498,134 is up by $610,784, or 1.92 percent, from the 2020-2021 revised budget. Mr. Crawley noted that the total budget increased by $335,062 from the tentative budget presented in March due to the addition of federal and state grants.
Anticipated revenues account for $14,765,970 of the total budget with the rest to be raised by $17,732,164 in taxes.
A home assessed at the borough average of $638,846 would see an annual tax increase of $57.50, or $4.79 per month. The proposed tax rate per $100 of assessed valuation is 0.876, an increase of 1.03 percent from last year.
State aid, which makes up 2.7 percent of the budget, increased by $48,722, or 6.4 percent; however, Mr. Crawley said that is not the norm. He explained that the increase in state aid this year made up for the decrease that the district saw last year due to the coronavirus pandemic.
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