No Tax Increase In Ocean City Schools Budget

OCEAN CITY, NJ — In spite of rising costs and declining enrollment, the 2023-24 budget for the Ocean City School District has no tax increases.

The $45.2 million budget was adopted at a recent Board of Education meeting.

A homeowner with a house assessed at $500,000 would pay $995 in taxes; the same as the previous year.

Capital outlay nearly doubled to $1.2 million in this year's budget, Business Administrator Tim Kelley noted at the meeting.

This additional spending will offer new opportunities to students such as dual credits with colleges, new courses and additional coaches added to teams, Kelley said.

There will also be facility improvements and school security improvements, he said.

This will not impact taxpayers, Kelley said previously.

However, taxes are set to increase in the municipal budget. Read more: Parking Fees Up In 2023 Ocean City Proposed Budget

Ratables in Ocean City and a slight increase in state aid helped keep the budget stable.

Much of the district's revenue comes from tuition from its sending districts of Corbin City, Longport, Sea Isle City and Upper Township.

The state aid increase can be attributed to the district's participation in the School Choice program, Kelley said.