The budgetary constraints were exacerbated by the elimination of Equalization Aid, which was previously $15 million, due to increased multipliers in the state’s funding calculations. This change affected numerous districts across New Jersey, with the number of districts receiving Equalization Aid dropping significantly. The Cherry Hill district is concerned about the long-term implications of these changes and the potential need for further adjustments in future budgets.

The district has managed some cuts by not filling vacant positions and through retirements. However, with 75% of the budget tied to personnel costs, further reductions may inevitably impact staffing. Despite these challenges, the district prioritized cuts in non-personnel areas, such as projects and supplies, before considering staff reductions.

In response to the financial strain, the district proposed a shift in the middle school model to a junior high school system, which could result in lasting savings while maintaining educational quality. This model aligns more closely with the high school system and is expected to facilitate a smoother transition for students.

The meeting also addressed the tax implications for residents. The district plans to utilize a 2% tax cap increase, along with banked cap and adjustments for health benefit costs, resulting in an overall tax increase of approximately 2.63% for the average assessed home in Cherry Hill.