Well, kind of hard to believe that with the 3rd Qtr Estimated Tax Bills and the Mayor's 2023 Muni-budget Presentation both using an Overstated 2023 School tax rate of 3.191 that the Edison Council has yet to do anything about it.
The $352 million School Budget was adopted way back in early May 2023 (long before the Estimated tax bills went out and the Mayor did his 2023 Muni-budget Presentation) and it came with a School tax rate of 3.184, which was down 1-3-cents from last year's 3.197.
The FY School tax levy has been the same $235,013,168 for the last 3 years and therefore, the 2023 CY School tax levy is the same $235,013,168. A simple division by the 2023 Rateables of $7,380,324,900 gives you a 2023 School tax rate of 3.184.
Here's the School District's calculation of their 2023 School tax rate from their School Budget Presentation:
By overstating the School District 2023 tax rate by 7/10's of a Penny (3.191 vs. 3.184), it erroneously brings in approximately $500,000 into the township coffers.
That's a tad bit Not nice.
Here's the 2023 Property tax rates on Your tax bills and what it should be compared to 2022:
Anyhoo, if this is allowed to go unchecked by the Edison Council and they don't Stop that erroneous $500,000 from going into the township coffers, then you need to be the checks & balances over the purse strings in this town and Vote them out of office when they come up for Re-election.
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