03:02At the forefront of the discussion was the tax levy incentive program, a one-time exception to the 2% tax cap law. This program enables school districts like Oaklyn to increase their local tax levy, providing an opportunity to address pressing budgetary needs. The New Jersey Department of Education would supplement this increase with additional funding contingent on the community’s approval. Oaklyn qualifies for this program due to its status as an underfunded district with a budget below the defined educational adequacy.

09:38Three funding scenarios were presented, each outlining different levels of tax increases and corresponding benefits. The first scenario proposed a full funding increase, costing homeowners approximately $49 per month, which would secure $37,500 in state aid. This would allow the district to reverse staff layoffs, update technology, restore curricular funding, and replenish maintenance reserves. The second scenario suggested a mid-level increase at $38 per month per homeowner, yielding $27,500 in state aid, sufficient to reinstate laid-off staff and fund materials but not technology upgrades or maintenance. The third, minimal funding increase, would cost $24.92 per month per homeowner, with $15,000 in state aid, permitting the reinstatement of two academic support positions.

16:15Board members and community participants debated the sufficiency and implications of these options. Concerns were voiced about reinstating positions previously funded by grants. Some argued the focus should be on foundational necessities like instructional supplies and curriculum development, given the district’s financial constraints. Dr. McDow countered these concerns by emphasizing the evolving needs of students and classrooms, pointing out that seven in ten students require additional support to achieve proficiency.

22:35The potential reduction in federal funding was also noted, adding another layer of complexity to budgetary planning. This financial environment prompted discussions about the district’s fiscal responsibilities and how best to utilize the potential tax levy increase.

31:14The need for stable staffing was a recurring theme, with one participant stressing the importance of maintaining in-class support and resource teachers, especially for students with Individualized Education Programs (IEPs) and English language learners. The financial ramifications of out-of-district placements for special education were also highlighted, with costs per student ranging significantly.

39:22The board also discussed the limitations of the state’s funding model, questioning the rationale behind maintaining a 2% cap on budget increases. The potential for advocacy post-election was noted as a strategy to push for better funding support. Suggestions were made to join the New Jersey Fair Funding Collective (NJFC) to collaborate with other districts and community members in advocating for change.

46:05Community voices added another dimension to the conversation, with residents expressing support for the district while highlighting the financial impact on families. Public comments underscored the need for the board to balance fiscal responsibility with the necessity of maintaining quality education. Suggestions for exploring alternative revenue sources and maximizing existing resources were made to alleviate the tax burden on residents.