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Midland Park

MPK School Taxes Set To Drop $223

03/26/2014 06:40PM ● By Rebecca K. Abma

Highland School

The schools portion of the Midland Park tax bill is going down, but the proposed 2014-15 budget is increasing by almost half a million dollars. The Midland Park Board of Education presented the budget at its March 25 meeting, showing a decrease in taxes by $223.94 a year for the average home owner. 

Last year, voters approved a second question for an additional $955,075 for new roofs at the three schools. The project completed roof replacements at the two elementary schools as well as the majority of the roof at the high school. Funds were raised by taxation during the 2013-14 year, which meant the average home assessed at $392,000 paid an additional $352.96 for one year only. 

The proposed 2014-15 budget, which goes to a vote on Wednesday, April 23, will raise taxes by $129.02 over the general tax levy from last year, excluding the second question. However, the actual tax bill did not differentiate between the budget and debt services, so the next tax bill will reflect a decrease in the schools portion. 

The $20.7 million budget reflects a 2.21% increase in spending, or $456,505, which includes completing the roof replacement at the high school and other general maintenance, professional development and state mandated assessments and programs. 

The budget presentation is available for review on the district's website.

Meanwhile, the borough tax rate is expected to increase by 4%, or $111. The borough's budget hearing will be held on Thursday, March 27 at 8pm in Borough Hall. 
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