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Eatontown school board puts budget in place for 2021-22 academic year
EATONTOWN – The Eatontown Public Schools Board of Education has adopted a $26.7 million budget that will fund the operation of the K-8 district during the 2021-22 school year.
The budget, which was adopted by the board on April 26, will be supported by a tax levy of $17.7 million to be paid by Eatontown’s residential and commercial property owners.
The school district’s 2020-21 budget totaled $26.3 million and was supported by a tax levy of $17.4 million.
In 2020-21, the K-8 school tax rate in Eatontown was about 75.6 cents per $100 of assessed valuation. The owner of a home assessed at $360,000 paid about $2,722 in K-8 school taxes.