Stockton School 2007-2008 Proposed Budget 

Please Attend our Public Budget Hearing at the School
Tuesday, March 27th; 7:00 p.m.

Just the Facts:

Anticipated General Fund General Fund: $592,275
State Aid = $12,949
Tax Levy = $571,334
Tax Rate/Impact
  • 2007 - For July 1, 2007 - December 31, 2007: tax rate of 1.13 or $1,881 per average home of $166,433.
  • 2008 - For January 1, 2008 - June 30, 2008 projected tax rate of 0.574 or $1,940 per average assessed home of $337,945.
Compared to 2007 Budget
  • Stockton School : increase of $59.  (4% increase on tax levy)
  • South Hunterdon Regional High School: decrease of $36.
  • Combined: increase of $23 per average assessed home.
Other Interesting Data
  • The significant decrease in the tax rate was due to the recent reassessment of the Stockton Borough.
  • There are no significant new school initiatives built into the 2007-08 budget.  Planned health curriculum materials purchases will be made as funds allow over the next two years.
  • We are currently in teacher negotiations for the coming school year.  
  • We utilize grants and PTO and LAEF (our local education foundation) donations to offset educational costs.
  • Health benefits and energy increases have exceeded cost of living CAP allowances, which is set at 4%.
  • No Child Left Behind funding is currently facing cuts of Title V which will impact upon our NCLB grant.
  • Changes in funding for the NJ pension system have significantly increased the burden from the state to local school boards.
  • Banked Cap - available to districts such as ours who did not go to full cap in past years is no longer available.
  • The school year runs from June 30th- July 1st while the local tax levy that comes from municipalities has a calendar from January 1st to December 31st.  Therefore the taxes needed to be raised from one school year are calculated from two calendar years- 1/2 at the previous year's rate and 1/2 at the current year's rate.
Board Members There are two board positions open, each for a three-year term.  Two candidates have filed- Lisa Levine (incumbent) and Richard McDaniel (incumbent). 

REMEMBER TO VOTE ON TUESDAY, APRIL 17th, 3-9:00 p.m., at the Stockton Firehouse

 

 

 

 

 

Candidate for Election to the Stockton School Board.
Personal Statement: Incumbent Richard McDaniel

I am running for the board for my third term and I look forward to continuing my involvement with the Stockton School during the next three years.  It is an exciting time for Stockton as we conduct much needed repairs and restoration of our school house.  We have a rich history that will be preserved with the help of the State Historic Trust and the New Jersey DOE as well as the people of Stockton.