Schools Opt to Hang Onto Money Rather Than Offer Current Year Tax Relief

TRENTON – While New Jersey’s 580 public school districts received more state aid money than they were originally expecting, most taxpayers will not see any savings on their current year tax bills.

Only 20 school districts opted to use some or all of the additional funds for property tax relief this year, according to data from the state Department of Education. Most are saving the money for use in next year’s school budgets. East Brunswick is reducing its tax levy by $652,000, but no other Middlesex or Union county schools are using the funds to offer current year property tax relief.

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