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Lopatcong Township School District
2007-2008 Budget Information
The table below
represents some of the main budget numbers and the tax rate for the 2007-2008
School Year Proposed Budget.
|
Item |
Revised 2006-07 |
Proposed 2007-08 |
Dollar Change |
Percent Change |
|
General Fund |
$14,118,072 |
$14,129,897 |
$11,825 |
0.1% |
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Special Revenue
Funds |
$289,834 |
$238,921 |
($50,913) |
(17.6%) |
|
Debt Service Fund |
$1,110,327 |
$1,163,452 |
$53,125 |
4.8% |
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Total
Appropriations |
$15,518,233 |
$15,532,270 |
$14,037 |
0.1% |
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General Fund Rate |
$1.058 |
$1.081 |
$0.023 |
2.2% |
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Debt Service Rate |
$0.08 |
$0.078 |
($0.002) |
(2.5%) |
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Total Tax Rate |
$1.138 |
$1.159 |
$0.021 |
1.85% |
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One cent on the tax rate is equal to
$101,846 of revenue |
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The average home value in Lopatcong is
$294,232 |
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The owner of a $300,000 home will see
and increase of approximately $63 per year |
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A transfer of a $107,855 contingency balance from the
Middle School construction account provided a one-time tax levy reduction in 2007 |
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2007 State aid increase of 3% (about
$80,000) |
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49% increase in energy costs ($125,000) |
New Items Included in the Budget
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New staff members |
Facilities and Equipment |
| MS Math Teacher |
Two New Smart Boards |
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Second Grade Teacher |
Tile replacement (ES) |
| Special Education
Teacher |
Screens for most
windows (ES) |
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Basic Skills Instruction Teacher |
Wireless networks (ES and MS) |
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Acoustical panels
(MS Cafetorium) |
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Security Improvements at the
Elementary School |
| New
exterior doors |
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Window replacements for the
all purpose room |
| Alarms for
all exterior doors |
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Keyless entry system |
Lopatcong has the second lowest cost per
student in the county at $9,944 ($899 less than the county average of
$10,843, and $1,886 less than the state average of $11,830)
School
Budget Election - Tuesday, April 17th 2:00-9:00pm
Feel free to call Ernie
Gallant (454-2771) with any questions.
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