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Superintendent urges review of state'aid equalization after local assessment disparities cited
Summary
Superintendent Mike Vulpi told the board the state aid formula may not fully account for uneven municipal property-assessment schedules, urging state officials and gubernatorial candidates to clarify whether the "equalized value" variable equalizes those differences.
Superintendent Mike Vulpi used the Hillsborough Township Board of Education's June 23 meeting to question whether New Jersey's school-aid formula adequately compensates for widely different municipal property-assessment practices.
Vulpi described contrast between his parents's Woodbridge Township property (assessed at about $80,000 on the town rolls despite a market estimate around $530,000) and his Hillsborough assessment (about $730,000 on a market estimate of roughly…
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