River Vale School District received a 9.41% increase in state aid, amounting to an additional $115,653, which is seen as a positive direction for the district’s financial health. This increase coincides with a substantial $68 million addition to the town’s assessment base, derived from new developments, expected to dilute the tax burden across the community. Furthermore, the district did not realize any cost savings in major medical benefits this year; therefore, no tax levy reduction is required.

The school board also addressed ongoing negotiations with teachers and secretaries, the scheduling of parent-teacher conferences, and the need for a new maintenance truck due to corrosion of the current one. No public comments were made on agenda items, and no new business was discussed. The board will present a tentative budget at the next meeting on March 19, with a final budget hearing slated for May 7. The meeting concluded without entering into a closed session and was adjourned without objection.