The Hoboken School District received $5,806,503 in Emergency Relief Funds during the pandemic but has provided little in terms of an accounting for the money. During the Budget meeting of May 2, 2023, the same Board used a reduction of $220,000 in state aid as partial justification for a $6,000,000+ increase in the 2023-24 school budget.
Subject 4.01
Approval of Revised 2023-2024
Budget Recommended Action
2022
WHEREAS, the Superintendent and Business Administrator recommend to the members of the Hoboken Board of Education a Local Tax Levy of $55,259,837 to support the 2022-2023 General Fund Budget in the amount of $67,390,821 with total Grants and Entitlements equaling $18,828,510; and
2023
WHEREAS, the Superintendent and Business Administrator recommend to the members of the Hoboken Board of Education a Local Tax Levy of $58,716,311 to support the 2023-2024 General Fund Budget in the amount of $73,423,703 with total Grants and Entitlements equaling $18,089,442; and
6.25495% increase in the Local Tax Levy
8.95208% increase in the General Fund Budget
