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Piscataway board hears budget preview as state aid swings and health benefits squeeze finances
Summary
The Piscataway Township Board of Education received a budget preview that cautioned unpredictable state aid, a projected 35% rise in health‑benefit costs and a working $6 million gap between anticipated expense increases and identified revenue measures; the district outlined potential mitigation steps including use of reserves and transportation efficiencies.
The Piscataway Township Board of Education on Tuesday received a budget preview warning that volatile state aid calculations and rising health‑benefit costs could leave the district facing a multimillion‑dollar shortfall next year, district presenters said.
The preview, delivered during the regular board meeting, laid out a range of scenarios shaped by a new governor’s delayed aid schedule, state formula changes and a projected 35% increase in the district’s health‑benefit costs. “Based on the way the formula looks to be trending…our state aid reduction would be capped at about $800,000 if those caps are in place,” the presenter said, noting that without temporary caps the formula could have produced cuts as large as $12 million in theory.
Why it matters: the district funds roughly 74% of its operating budget through the local tax levy, and the presentation said the board must plan for multiple scenarios while complying with the 2% tax levy cap (with…
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