Revenue

  •  2018-19

    Proposed Revenues

     

    Revenues 2017-18

    Proposed Revenues 2018-19

     

    Difference

    STATE AID

     

     

     

    Basic Formula

    84,114,375

    85,894,355

    1,779,980

    Lottery Aid

    7,000,000

    8,500,000

    1,500,000

    Boces

    3,559,401

    4,261,579

    702,178

    Textbook, Software, Library & Hardware

    749,738

    766,588

    16,850

    Total State Aid

    95,423,514

    99,422,522

    3,999,008

     

     

     

     

    OTHER REVENUES

     

     

     

    PILOTS

    556,894

    646,419

    89,525

    Int & penalties on taxes

    250,000

    304,000

    54,000

    Utility Tax

    1,459,687

    1,459,687

    -

    Charges for Services

    91,999

    135,000

    43,001

    Day school Tuition

    280,000

    280,000

    -

    Interest Earnings

    125,000

    125,000

    -

    Health Services

    40,000

    40,000

    -

    Refund Prior Years Expense

    500,000

    1,100,000

    600,000

    Sale of Equipment

    -

    2,500

    2,500

    Insurance Recoveries

    2,161

    2,161

    -

    Other Compensation for Loss

    750

    750

    -

    QSCB Subsidy

    160,000

    160,000

    -

    Medicaid

    64,675

    152,000

    87,325

    Retirement Reserve - General Fund

    500,000

    -

    (500,000)

    Interfund Transfers - Debt Service

    190,625

    190,625

    -

    NJROTC

    88,500

    92,500

    4,000

    Unappropriated Fund Balance Capital Project (Stadium, Library)

     

     

    4,175,000

     

    4,175,000

    Total Other Revenues

    4,310,291

    8,865,642

    4,555,351

     

     

     

     

    REAL PROPERTY TAXES

     

     

     

    Local Property Taxes

    67,483,747

    68,878,805

    1,395,058

    School Tax Relief Program (STAR)

    7,000,000

    7,000,000

    -

    Tax Levy

    $74,483,747

           $75,878,805

    $1,395,058

    Fund Balance

    5,299,227

    5,799,227

    500,000

    Proposed 2018-19 Budget

    $179,516,780

      $189,966,196

    $10,449,417

                                                                                                                                    Increase         5.82%