As earlier reported, the Board Of Education will be holding their budget hearing this evening. The budget that was discussed publicly on March 3rd had an actual reduction of about 1%. This evening, the board is expected make additional cuts with a reduction for a total of about 3.5% or $160.00 on average per house, with the average home assessed at $400,000.
This would the first time in history that Lakewood has seen a reduction at all, should it pass.
Last year, the budget was kept at a 0% increase. The overall budget is about $100 million dollars, with about $30 million coming from State aid. The busing costs the district approximately $20 million and special ed also costs about $20 million, accounting for about 40% of the local School Budget.
In a statment last week to TLS, candidates Shuie Schmuckler and Larry Avrin said, “It appears the upcoming budget cuts have all been made in non-essential areas and will not affect the core services of the District”. TLS.