OCEAN CITY, NJ — The Ocean City School District introduced a tentative $45.2 million budget for the 2023-24 school year that has no tax increases.
The budget, introduced at the March 16 Board of Education meeting, was approved by the Board. It will then be reviewed by the county before the public has a chance to comment on it at the April 27 Board of Education meeting.
This budget remains relatively unchanged from last year’s, according to Business Administrator Tim Kelley, in spite of rising costs and declining enrollment. The spending plan went up by about $500,000, but this will not impact homeowners, Kelley said.
The average home assessed at $500,000 has the same tax bill of $995 as last year, Kelley said.
He said that Ocean City is “unique” in that it has tuition revenue from the sending districts of Corbin City, Longport, Sea Isle City and Upper Township.
A slight decline in enrollment could impact the budget, Kelley said, but factors like ratables in Ocean City and a slight increase in state aid kept it stable.
Ocean City “fared very well” compared to other districts in Cape May County when it comes to state aid, he said. Read more: NJ School Aid 2023 Update: See The New Breakdown
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