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Board hears budget shortfall as health benefits spike; administration plans to seek state waiver to exceed 2% cap
Summary
Administrators told the board the district faces a projected 33% increase in health-benefit premiums and outlined a state health-benefits waiver that would let the district raise the tax levy by about $5.2 million without a public vote. Board members pressed for options and timing tied to state aid figures.
The Marlboro Township Board of Education received a detailed budget briefing on anticipated cost pressures, with administrators telling the board the district’s health-benefit premiums are projected to rise about 33% next year. The administration said that calculation is driving a potential $5.2 million shortfall that would require use of a state health-benefits waiver to exceed the statutory 2% tax-levy cap without a referendum.
“At the state allows a district to exceed the 2% tax levy cap by taking the health benefits waiver,” said the administrator (speaker 2),…
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