July 18,2018
the staff of the Ridgewood blog
Ridgewood NJ, On Friday, July 13, the district received notice of additional state aid in the amount of $890,876. At its July 16 meeting, the Ridgewood Board of Education unanimously voted to give $551,887 of this state aid back on the property tax to Ridgewood homeowners, reducing the tax increase for the 2018-19 School District Budget by .62%. The remaining $338,849 will be placed in the Capital Reserve account, to be used in the 2019-2020 school year for identified capital projects within the district.
It is estimated that the tax relief approved by the Board will be approximately $48 on the average Ridgewood home valued at $696,093.*
The Resolution was approved by the Board .
