Post by admin on Feb 13, 2008 8:51:24 GMT -5
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ENGLISHTOWN — The finances of the Freehold Regional High School District are in good shape,
according to the district's business administrator.
Business Administrator Sean P. Boyce told the school board the district is in a better financial situation than other school systems in the region. Boyce presented the board and local residents an overview of the budget development process at a board meeting Monday night.
The board and the administration are in the midst of developing the school budget for fiscal year 2008.
"Financially, we are in pretty good shape,'' Boyce said. "We can't afford to do
everything that is good for the district. The financial decisions we will make will be
value-based decisions.''
Superintendent of Schools James Wasser said he expects the district's budget proposal, which is still in the developmental stage, should be agreeable to taxpayers.
"We are one of the biggest school districts in the state, so we should take the lead by keeping costs down for the taxpayers of our district,'' Wasser said.
The district's total expenditures for the 2006-07 school year were $164,753,236. The local tax levy was responsible for a little more than $106 million of the revenue.
Details of the fiscal year 2008 budget are not yet available.
Wasser cited the fact that none of the district's six high schools is in need of major
overhauls this year.
"All of our buildings are in great shape,'' Wasser said. "There won't be any massive
repairs needed.''
He said some of the facilities need standard repairs and maintenance, but none of it is out of the ordinary.
Voters approved the tax levy to support the budget last year. The 2008 school election is April 15.
Board of Education President Patricia Horvath said a date for the public hearing on the budget hasn't been finalized. The date should be announced at the Feb. 25 meeting.
Boyce said the public hearing on the budget has to be held sometime between March 19 and 24.
Some board members said scheduling conflicts might arise due to the fact the spring break vacation is scheduled during that time period.
ENGLISHTOWN — The finances of the Freehold Regional High School District are in good shape,
according to the district's business administrator.
Business Administrator Sean P. Boyce told the school board the district is in a better financial situation than other school systems in the region. Boyce presented the board and local residents an overview of the budget development process at a board meeting Monday night.
The board and the administration are in the midst of developing the school budget for fiscal year 2008.
"Financially, we are in pretty good shape,'' Boyce said. "We can't afford to do
everything that is good for the district. The financial decisions we will make will be
value-based decisions.''
Superintendent of Schools James Wasser said he expects the district's budget proposal, which is still in the developmental stage, should be agreeable to taxpayers.
"We are one of the biggest school districts in the state, so we should take the lead by keeping costs down for the taxpayers of our district,'' Wasser said.
The district's total expenditures for the 2006-07 school year were $164,753,236. The local tax levy was responsible for a little more than $106 million of the revenue.
Details of the fiscal year 2008 budget are not yet available.
Wasser cited the fact that none of the district's six high schools is in need of major
overhauls this year.
"All of our buildings are in great shape,'' Wasser said. "There won't be any massive
repairs needed.''
He said some of the facilities need standard repairs and maintenance, but none of it is out of the ordinary.
Voters approved the tax levy to support the budget last year. The 2008 school election is April 15.
Board of Education President Patricia Horvath said a date for the public hearing on the budget hasn't been finalized. The date should be announced at the Feb. 25 meeting.
Boyce said the public hearing on the budget has to be held sometime between March 19 and 24.
Some board members said scheduling conflicts might arise due to the fact the spring break vacation is scheduled during that time period.