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Matawan-Aberdeen district cites flat state aid, new tax-incentive option as budget pressure
Summary
District administrators told the board the district received $22.7 million in state aid for fiscal year 2025–26, but rising costs, a Medicaid reduction and a 2% budget cap mean officials are reviewing expenses and new state tax-incentive options that could raise local revenue.
District administrators told the Matawan-Aberdeen Regional School District Board of Education on March 20 that the district received $22,700,000 in state aid for fiscal year 2025–26 and is facing rising costs that exceed that flat aid figure.
The administrators said the state released a one-time tax-incentive program allowing eligible districts under the state funding formula to apply for an increase in their tax levy for 2025–26; under the program, the state would contribute $50,000 for every $1 million raised through an increased tax rate. A district administrator said about 300…
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