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Wayne Lost $35 Million In Tax Base Since Last Year

Smaller base helps push taxes higher

The township lost $35 million of its tax base between this year and last year, a loss that is contributing to the average homeowner being asked to pay $182 more in school taxes, officials said.

The average homeowner's property is valued at $229,000.

While the number may seem large, it only represents a small portion of Wayne's $5.2 billion tax base.

“The tax levy isn’t the only portion of the budget that impacts local taxes,” said Juanita Petty, the Wayne School District’s business administrator.

Petty and the gave a presentation Tuesday about the district’s proposed budget for the 2012-2013 school year.

The $182 represents a 3.3 percent increase for the average homeowner. The district’s proposed tax levy is approximately $129.8 million. Of that $129.7 million, $117.2 million would fund employee salaries and benefits, a nearly 4 percent increase year to year. The district spent $4 milllion on instructional supplies this school year. It is projecting to spend about $3.3 million this year.

In an effort to keep taxes down, the board has opted not to add an additional $1.7 million in banked cap funds. The after taxpayers in April.

“We have two goals: One is to be fiscally prudent, the other is to ensure that we continue to make this district excellent and move it forward,” board trustee Mitchell Badiner previously said.

District officials will hold another public hearing on the budget on Monday, March 26. Officials may discuss possible cuts to programs and services. The district’s final budget is scheduled to be approved at a special meeting March 29.

Rob Burke March 27, 2012 at 04:59 PM
Teachers are a critical part of the solution, not the problem in the least. The demonization of teachers is political theater. Think about whether you want your children and their children to be able to understand their bosses when they enter the workforce. Tom Friedman, conservative journalist, said at the National Governor's Conference two summers ago that little Mary, who thinks she has pressure because she doesn't have enough time for Facebook doesn't realize what kind of pressure she will have when she can't understand her bosses thick accent from China or India. Our schools have fallen behind those elsewhere on the planet. Constantly kicking teachers in the head will only make teaching less desirable and send the quality of our school systems into a death spiral. This isn't hard to understand. The political demonization of teachers is all about money. Its part of the class warfare that has engulfed our nation. A true tragedy.
Justice March 27, 2012 at 05:42 PM
@Rob, Just curious. Is your wife/significant other a teacher?
Rob Burke March 27, 2012 at 05:52 PM
@Justice: Sorry, I'm not about to start publishing information about wife, my parents or my children. Its bad enough that Councilboob Scuralli demonizes me because I live in Morristown -- Oh The Horror!!! My family is off limits. Hey, at least I sign my name to what I write and you know who I am. Hardly anyone else does.
Justice March 27, 2012 at 06:19 PM
@ Rob, Please do not be sorry for what you state. You are a genuine individual and I happen to agree with you as respects to family being off limits and I am glad that you made that stand public. Concerning your personal address, the location is totally irrelevant. Business owners, who are often major taxpayers, absolutely have a right and a say to financial accountability. As stated in the past, many citizens and business owners are very concerned about repercussions from the town. The fact that you and a few others actually use their real name is commendable. I, for one, applaud you and someday, I may decide to come out of the closet, (i.e.the broom closet).
Rob Burke March 27, 2012 at 07:07 PM
Thanks, Justice. Yeah, the Councilboobs had some silly idea that since I don't vote in Town, I can't influence their political futures. I wonder. Can they hear me now?

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