Middletown, NJ – The Middletown Township Board of Education will be conducting a public hearing on its final proposed budget for the 2014-2015 school year on Monday, May 5th at 8:00 p.m. at Middletown High School North, 63 Tindall Road, Middletown.
The Board of Education approved a tentative budget that includes a 2% increase in the tax levy. The final proposed budget that the Board will be voting on at this meeting includes the utilization of a portion of the district’s total banked tax levy to fund a pending pension liability assessment from the New Jersey Division of Pensions and Benefits. The banked cap utilization will increase the 2014-2015 tax levy. This change will be discussed at the May 5th public hearing.
The May 5, 2014 voting meeting agenda is currently posted online at www.middletownk12.org.