SPRING LAKE —- The Spring Lake Board of Education adopted a tentative budget during a special meeting on Monday night, unanimously approving the $8,127,745 spending plan with no increase in school taxes for the 2023-24 school year.
The budget must still be submitted to the state education department for approval by March 20. A public hearing is scheduled for April 24.
BOE President Noelle Giblin credited avoidance of a tax increase to “the fiscal responsibility we’ve demonstrated” and added, “I am proud of our board and school administration.”
Interim Business Administrator Joanette Femia announced that the board currently holds $973,000 in bank reserves, of which they have yet to tap. “This is a testament to being fiscally responsible to the taxpayers,” said Ms. Femia.
The school board plans to withdraw $300,000 from the district’s capital reserve account to partially fund unit ventilation replacements and to install new airway-pressure-release ventilation at H.W. Mountz School. The total project cost will amount to $520,000, which includes expenditures for construction elements or projects that are in addition to the facilities efficiency standards determined by the commissioner to achieve New Jersey Student Learning Standards.
This is an excerpt of the print article. For more on this story, read The Coast Star—on newsstands Thursday or online in our e-Edition.
Check out our other Spring Lake stories, updated daily. And remember to pick up a copy of The Coast Star—on newsstands Thursday or online in our e-Edition.
Subscribe today! If you're not already an annual subscriber to The Coast Star, get your subscription today! For just $38 per year, you will receive local mail delivery weekly, with pages and pages of local news and online access to our e-edition on Starnewsgroup.com.
