Point Beach schools adopt 2021-2022 budget

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POINT PLEASANT BEACH — The Point Pleasant Beach Board of Education adopted its 2021-2022 school district budget on April 27, setting a general fund budget increase of 5.13 percent for an overall budget increase of 3.78 percent over last year’s amounts.

According to Brian Savage, business administrator and board secretary, the general operating budget is $16,967,164. 

The budget calls for $13,577,639 to be raised through a general fund tax levy for Point Pleasant Beach and $101,490 for Mantoloking.

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According to Mr. Savage, next year’s school tax rate is .6884 per $100 of assessed valuation, a .0169 decrease from the 2020 rate, due to the district’s debt retirement this year. 

A home assessed at the borough average of $553,935 would pay $3,813 in annual school taxes, a $93.74 decrease from last year.  

Ratables for 2021 are $2,031,024,700, an increase of $13,694,900 from the 2020 ratable total of $2,017,329,800.

The budget has a debt service total of $607,523, with the debt service levy at $403,480. The budget also adds a special revenue fund in the amount of $698,202. 

The district accepted $450,930 of Special Education State Aid, $74,652 in Security Aid and $71,924 in Transportation Aid.

Overall, the district saw a small loss in state aid from the 2020 school year. 

“We lost $3,789,” said Mr. Savage. “This had a very minor impact on the budget.”

Mr. Savage said the board is confident in the budget for the upcoming school year. 

According to Mr. Savage, the budget addresses student needs while being fiscally sound and meeting state mandates for core curriculum content, child services and more.

The 2021-2022 budget maintains all programs in the Point Beach School district and even adds to some program areas.

Capital projects in the budget include maintenance contracts for HVAC equipment, athletic and recreational field care, maintenance of district equipment as well as money for technology needs for professional development, network maintenance and expansion and security systems.

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