The state's biggest school district, and one of its poorest, ups spending 14% on new teachers, technology and charter schools. Residents vote on the budget, and school board candidates, on April 19.
Newark's school board adopted a $1.2 billion 2022-23 budget Friday night. Students show here carried supplies up to a classroom at Kipp Seek Academy charter school in 2020. Charter schools account for 28% of the district's budget, though the district has little say in how they operate, and essentially acts as a distributor of state aid to them.The Newark Board of Education on Friday night approved a $1.
The local tax levy, or total dollar amount to be raised through the school portion of Newark property taxes, would remain unchanged from the current school year, at $138 million. But District Business Administrator Valerie Wilson said Newark’s overall ratable base, or the total value of taxable property in the city, had grown thanks largely to a continuation of the city’s real estate development boom.
The graphic illustrates revenues and expenditures in the 2022-23 Newark school budget, adopted Friday night by the Board of Education.He listed new or continued initiatives financed by the budget, some of which were necessitated by the coronavirus pandemic. They included creation of an electronic health records system, smart board upgrades, contactless water fountains, auditorium and audio/visual upgrades, and Chromebooks for kindergartners, 5th- and 9th-graders.
Growing charter school enrollment in Newark has contributed to the growth of the district’s budget, with spending on charters rising to $342 million in the 2022-23 budget, up by $42 million. But the growth is largely on paper, distorting the true size of Newark school spending because the school district is essentially distributor of state funds to charters, without real involvement in them.
Leon’s response was that Newark property owners had been burdened by annual school tax hikes averaging 2.5% over the past 11 years, and that the generous increase in state aid afforded taxpayers a breather that district officials wanted to grant them while they had the chance.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Long Island homeowners question school tax hikes after districts received pandemic aidThe economic squeeze could get worse on Long Island due to a possible school tax hike, which residents didn't think would happen since dozens of districts received a windfall in pandemic aid. McLoganTV reports.
Read more »
Philly’s $3.9 billion school budget approved to immediate backlashThe Philadelphia school board was expected to approve the broad outlines of a $3.9 billion spending plan Thursday night, but faced backlash from educators who say despite millions in new investments, their schools will see significant cuts in 2022-23.
Read more »
California Lawmakers Consider Boosting Financial Aid For Private College StudentsState lawmakers are considering a proposal to increase the amount of money private college students can receive through California’s main financial aid program.
Read more »
IRS: $1.5B available in tax refunds from 2018, window closing for those to fileThe IRS reports millions of taxpayers have still not filed their U.S. Individual Income Tax Return for 2018 and possibly missing out on several hundred or thousands of dollars.
Read more »
Paramount Global Raising $1 Billion Of Fresh Cash In Debt SaleParamount Global is raising $1 billion in fresh cash through a bond sale expected to close March 29. It said it intends to use proceeds from the offering for general corporate purposes — whic…
Read more »