Princeton School District's Draft Budget Includes Tax Increase

Princeton, NJ -- The Princeton School District’s $91.4 million draft budget includes a $76.1 million tax levy and an annual tax increase of $215.12 for the owner of an average Princeton home, the Princeton Packet reports.

The school district may be able to exceed the 2 percent cap with the aid of two waivers, including one for enrollment growth and one for increased health insurance costs, according to the report.

This doesn’t include $1.6 million for staffing and other requests, according to the report.

The Board of Education will consider the tentative budget on March 15 before sending it to the state for approval. Final approval from the school district may come on April 26.

Read more at mycentraljersey.com.