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Board hears final 202627 budget presentation; $53.5M general-fund appropriation and $51.48M tax levy detailed
Summary
At the April 28 meeting the Metuchen Board received a final budget presentation for 202627 showing a $53.5 million general-fund appropriation, a $51,478,096 tax levy and an estimated tax-rate impact; administrators noted a $1.9 million transfer into capital reserves reduced this year's appropriation compared with 202526.
The Metuchen Board of Education held a final budget hearing on April 28 as administrators presented the proposed 202627 school budget and answered board questions about revenue, expenditures and tax impact.
Mr. Harvey, who presented the financial slides, summarized the districtfour accounting funds and the proposed appropriation. "The 2526 budget appropriations is 54,300,000; '26, '27 is 53,500,000," he said, explaining that last years higher appropriation included a one-time transfer of about $1.9 million into capital reserves. Harvey listed revenue sources for Fund 10: a local tax levy of $47,169,004, state aid of $3,500,000, a budgeted fund balance of $1,600,000, a…
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