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Harding Township School District Public Hearing on the Budget 2019-2020

Stay informed on the 2019-2020 Harding Township School District budget through this annual Public Hearing presentation. Discover budget highlights, revenue details, and the impact on tax levy. Learn about the district's fiscally conservative approach and financial planning for upcoming projects.

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Harding Township School District Public Hearing on the Budget 2019-2020

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  1. Harding Township School DistrictPublic Hearing on the Budget2019-2020 Matthew A. Spelker, Superintendent Mark Kenney, Business Administrator May 6, 2019

  2. Board of Education • Davor Gjivoje – President • John Flynn – Vice President • Kim Macaulay • Abi Singh* • Richard Bruno* * Members – Facilities and Finance Committee

  3. Public Hearing on the Budget • The Public Hearing on the Budget is an annual presentation required by NJDOE. • This Public Hearing was advertised by the district in the April 21st edition of the Daily Record. • Tonight’s presentation includes: • Budget highlights • Revenues • Expenses • Tax levy impact

  4. Budget Highlights • A fiscally conservative budget • Meets all 19/20 budget guidelines. • Maintains staffing configuration, co-curricular activities, and small class size. • Low administrative costs • Budgets money for professional development and curriculum writing.

  5. Budget Highlights • Money has been budgeted for facility maintenance and planning for capital projects- Security upgrades, maintenance, HVAC for elementary building, STEM/Library renovation • Provides adequate financial resources for yet-to-be named 19/20 district goals. • This budget allows for HTS to maintain its position as one of the premier PK-8 public school districts in New Jersey.

  6. Budget Timeline and Process

  7. Revenue-Local Tax Levy

  8. Local Tax Levy

  9. Categorical State Aid

  10. Categorical State Aid

  11. State Aid – Total Budget

  12. Banked Cap

  13. Detailed Revenues

  14. Expenses – Operating Budget

  15. Expenses – Funds 11,12,10,20,40

  16. Budget Vote and Election • In 2012, Gov. Christie signed legislation that eliminated the need for the public to vote on the school budget if it remains at or below the 2% tax levy cap, including specific exemptions such as banked cap, enrollment adjustment, or the health benefits waiver. • On 2/13/12, the Harding BOE adopted a resolution to move the annual school election to November. • Since the 19/20 budget is below the cap, it will not be on the ballot in November. The public will vote for BOE members in the general election on Tuesday, November 5, 2019.

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