School board adopts $46M district budget

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The Point Pleasant School District Board of Education adopted a $46 million budget for the 2021-2022 school year. [PHOTO BY THE OCEAN STAR]

POINT PLEASANT — Following a brief public hearing Monday evening that featured no comments from community members, the Point Pleasant School District Board of Education adopted the 2021-2022 district budget, which highlights a number of curriculum, technological and capital initiatives to help further district success.

The total general fund budget for the 2021-2022 school year is $46,490,475. The budget calls for $38,194,385 to be raised through a general fund tax levy and $1,473,882 to be raised through a debt service tax levy.

The school tax rate is to be $0.0154 per $100 of assessed valuation. For the owner of a home assessed at the borough average of $391,800, the increase on the tax bill will be $60. 

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“I just want to thank the business office for their good work and everybody involved to get us this budget,” board member Larry William said during the board’s April 26 meeting. “I think it is a good budget.”

Expenses are distributed as follows for the 2021-2022 budget: 74 percent for instruction; nine percent for operations; eight percent for attendance, business, health and student support; four percent for building-level administration and office staff; three percent for transportation; and two percent for general administration.

Currently, the school district has two elementary schools, one middle school and a high school with an enrollment of about 2,800 students. 

According to the district officials, the district continues to rank among the lowest in per-pupil spending for similar districts throughout Ocean and Monmouth counties. Currently, the district’s annual per-pupil spending level is $18,684, about $4,132 less than the state’s most recent average cost per pupil of $22,816, an annual savings of $11.5 million.

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