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 .
Why didn’t they give it all back?
Because they like to spend money.
throwing the dog a bone
kissing up so you will not push for a change of voting date
Trust me, they are not trimming the budget.
They said they’re putting a portion of the money into their reserves.
Placed in Capital Reserves….to be used next year.
“used” is the indicative word.
You could substitute the word spent for used.
So who filed to run for the BOE yesterday?