Lakewood Board of Ed Unveils $333 Million Budget

The Lakewood Board of Education on Wednesday released details of its proposed 2022-2023 budget, totaling $333,383,689, with $111 million of the required funds expected to be obtained via property taxes.

The full budget proposal can be read here.

The Lakewood School District will also be requesting a $24 million loan from the state to cover funding deficits. The district is already well over $100 million in debt to the state for school-related loans, and a push is being made to have New Jersey revise the school funding formula to better serve Lakewood, which is being crushed by a formula that doesn’t account for the township’s roughly 40,000 private school students.

NJ Acting Attorney General Matt Platkin said in a recent court filing that Lakewood should not be asking for increased aid from the state, as it could do more to hike its own revenue by increasing taxes and eliminating wasteful spending.

The Board of Education budget is to be voted on tonight, with the meeting beginning at 7:30 pm. Watch live here.

- Advertisement -


Please enter your comment!
Please enter your name here

Most Popular

Assemblyman Schnall Sponsors Legislation to Reduce Mandated Busing Distances for Students

Assemblyman Avi Schnall is honored to join as a...

PHOTOS: Officials Gather In Lakewood For 33rd Ocean County Law Enforcement Memorial Day

Representatives from law enforcement agencies across Ocean County joined...

FIRST REPORT: Hatzolah Of Central Jersey Appoints Aaron Mueller As New Captain

Hatzolah of Central Jersey has appointed one of its...

Hatzolah Of Central Jersey Introduces 10 New Members Across 5 Towns

Hatzolah of Central Jersey on Wednesday informed its members...