The district will have details hopefully by the end of the day, but based on published reports it appears from Governor Christie's budget address yesterday that our state aid for next year MAY be cut in its entirety...all of it...100%...as in $2.9 million. This would be on top of the $3.3 million we've already cut from the proposed budget. This is beyond shocking.
The Governor also proposed lowering the tax levy cap to 2.5%. I'm not sure if that could be enacted for immediately upcoming budget, but if it were, that would be another $1.2 million cut.
Details to come when I know more.
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