Edison Board of Cap Bank Munchers Extraordinaire make a slight reduction in your school tax increase

Well, looks like in this final version here of the School Budget for 2018-19 up for Board Vote tonight comes with a slight reduction in your school tax increase for 2018.

Seems they reduced the $pending by $450,000 bringing it down to $250,683,456 for an increase of $12,528,765 or 5.3%. Apparently, they decided that we didn't need the $450,000 in new Elementary School Textbooks.

They also took another 1,000,000 out of the Free Balance to offset the Local Tax Levy.

So, that reduction of $1,450,000 in the Local Tax Levy takes the increase down to $9,836,495 or 4.6% and the CY tax rate down to $3.044 from $3.055 or 1.1-Cents.

If you live in that imaginary home assessed at $178,300, then this change reduces your school tax increase by some $20. If you don't live in that imaginary home assessed at $178,300, then take your home's assessed value divided by 100 and multiply that number by .011 to get your reduction to your school tax increase.

With all due credit to the School Board Finance Committee for making a reduction in their proposed school tax increase in this final school budget for 2018-19, it's still a Whopping $pending increase that is so Out-of-Control that they had to dig deeply into the Cap Bank to support it. Hard to believe they would sit there with a straight face and Raise the Local Tax Levy by 4.6% to fund their excesses - but they're doing it. All the reason to move the BoE elections back to April and take back your right to vote on these bloated budgets. What do you get when you just let them increase these bloated budgets every year by some version of the 2% Cap - you get bloated budgets that grow exponentially.

And it's good to know that they're passing along some 79% of that Out-of-Control $pending increase of $12,528,765 right on to Your School tax bill. Kind of gives you a warm feeling all over!

And really, cutting textbooks and using the Free Balance doesn't do anything to get the $pending under control.

But hey, at least we're comforted in the knowledge that elementary school textbooks aren't important and that this board was perfectly willing to let you pay more rather than use the bloat they have built-up in this bloated, pot-of-money they call a school budget.

Pay attention to the vote on this school budget tonight.

Here's what the final School Budget does to your school taxes:



Anyhoo, it is what it is over there in the Land of Cap Bank Munchers Extraordinaire over there on Mythomania Lane and just to remind my friends over there - a reduction in an increase is Not a Savings, it's still an increase.