Add to that a new school district budget just passed this week in a split vote by the school board that will include a 2.5% tax hike, about $199 more in taxes for each homeowner in town.
Now, according to a new report from NJ Spotlight, Maplewood will lose more money with an increase in its debt service to the state, making us among 500 districts forced to pay more for capital improvement debt.
According to the report, SO-M Schools will see an increase of $46,011 or 47% in debt service payment over last year. Thanks state.
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