MANASQUAN— The Manasquan Board of Education presented an update to the tentative budget for the 2023-2024 school year during its meeting on Tuesday.
The 2023-2024 total expenditures are $33,079,898 in the general fund, $362,842 in special revenues and $1,701,613 in debt service for a total of $35,144,353.
Anticipated revenues are $15,823,860 in the general fund, $362,842 in special revenues and $303,362 in debt service for a total of $16,490,064.
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Taxes to be raised are $17,256,038 in the general fund, $0 in special revenues and $1,398,251 in debt service for a total $18,654,289. This is an increase from the previous year. A full breakdown of how this will affect homeowners will be presented at the next meeting on April 25.
A public hearing on the budget for the 2023-2024 school year will be held in the Manasquan High School Charles Raffetto Media Center on Tuesday, April 25 at 6 p.m. This meeting will cover a more in-depth breakdown of all the programs, expenditures and affects this budget will have on both the schools and the town of Manasquan.
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