BUDGET HEARING
HOBOKEN BOARD OF EDUCATION
524 PARK AVENUE, HOBOKEN, NJ 07030
(MEETING HELD IN DEMAREST AUDITORIUM
158 FOURTH STREET, HOBOKEN, NJ 07030)
7:00 PM
Subject 4.01
Approval of Revised 2023-2024
Budget Recommended Action
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
NOW THEREFORE BE IT RESOLVED, that the Board of Education hereby adopts the revised Hoboken Board of Education School Budget, Fiscal Year 2023-2024, for the purpose of submitting said budget to the Office of the Hudson County Superintendent of Schools as required by law and code, and
BE IT FINALLY RESOLVED that the Hoboken Board of Education will vote to formally adopt the Proposed School District Budget for the 2023-2024 fiscal year at a Public Meeting to be held on May 9, 2023.
Link to the full detailed agenda: https://www.scribd.com/document/642127204/HBOE-Agenda-May-2023-Budget-Hearing
Approval of Revised 2023-2024
Budget Recommended Action
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
NOW THEREFORE BE IT RESOLVED, that the Board of Education hereby adopts the revised Hoboken Board of Education School Budget, Fiscal Year 2023-2024, for the purpose of submitting said budget to the Office of the Hudson County Superintendent of Schools as required by law and code, and
BE IT FINALLY RESOLVED that the Hoboken Board of Education will vote to formally adopt the Proposed School District Budget for the 2023-2024 fiscal year at a Public Meeting to be held on May 9, 2023.
HBOE Agenda May 2023- Budget Hearing by Tony Petrosino on Scribd
Calculations:
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
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