Montclair Public Schools
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MPS Home ➤ District ➤ Business Office ➤ Budget ➤ 2017-2018 ➤ Presentation Mar. 6

2017-2018 Tentative Budget Presentation

see PDF of presentation

Revenues

  • Tax Levy: $112,471,548
  • Local sources: $344,000
  • State Sources: $7,263,068
  • Federal sources: $87,794
  • Fund Balance: $100,000

  • Total Revenues: $120,266,410

Expenses

  • General Education Instruction: $38,610,601
  • Special Education Instruction: $9,671,435
  • Other Instruction: $1,976,116
  • Student Activity and Athletics: $1,521,875
  • Tuition: $4,978,294
  • Student and Instruction Related Services: $21,194,556
  • School Administration: $4,759,829
  • General Administration: $4,636,408
  • Operation of Plant and Maintenance: $8,650,023
  • Transportation: $4,860,866
  • Employee Benefits: $19,102,069
  • Other: $304,338

  • Total Expenditures: $120,266,410

Resolution to Approve 2017-2018 Tentative Budget

RESOLVED, that the Montclair Board of Education’s tentative budget be approved for the 2017-2018 School Year utilizing the 2017-2018 state aid figures and a health care cost adjustment to the 2% tax levy increase totaling $351,518 and the Secretary to the Board of Education be authorized to submit the following budget to the Executive County Superintendent of Schools for approval in accordance with the statutory deadline:

  General fund  Special Revenue Fund  Debt Service Fund  Total
2017-2018 Total Expenditures $120,266,410 $2,730,725 $0 $122,997,135
Less:  Anticipated Revenues $7,794,862 $ 2,730,725 $0 $10,525,587
Taxes to be Raised $112,471,548 $0 $0 $112,471,548

 2017 Estimated School Tax Levy Increase

  • 2017-18 School Tax Levy $112,471,548
  • Increase of 2.32% from the prior year tax levy
  • Increase would be $44.59 for every $100,000 of assessed home value
  • For a home with an assessed value of $500,000 the increase would be $222.95
  • see chart to calculate estimated school tax levy increase

 

Updated: 5/15/2017