Schools
Millburn BOE Approves $91.57M Budget
What will be the tax increase for Millburn homeowners under the proposed 2016-17 school budget?
Millburn, NJ – The Millburn Board of Education has approved a $91.57 million proposed budget for the district’s schools in 2016-17.
The proposed budget – approved during the board’s March 7 public meeting – would increase taxes by $280 for a homeowner with a property valued at $1.08 million.
If the Essex County Office of the Department of Education approves the Millburn BOE’s proposed budget, the local tax levy will rise by 2.68 percent to $84.06 million.
Find out what's happening in Millburn-Short Hillsfor free with the latest updates from Patch.
The proposed budget includes a $548,257 hike to the General Fund tax levy due to increased health care costs, according to school administrators.
This increased health care cost will require a waiver from the state to exceed New Jersey’s 2 percent tax levy cap, school officials stated.
Find out what's happening in Millburn-Short Hillsfor free with the latest updates from Patch.
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