Only in NJ (and maybe LA) would this fly
Posted on April 9th, 2009 at 12:03pm by bile Tags: education, government school, Loch Arbor, New Jersey, Ocean County, property taxes, public school, school taxes, taxation, theft 2 Comments »Loch Arbor residents say changes in school funding could leave their Jersey shore village bankrupt.
Loch Arbor residents are facing a five-fold increase in school tax to send 24 students to a neighboring town. The cost for one resident, who is paying $8,048 in property taxes, will more than double to almost $17,000.
That’s because Gov. Jon Corzine’s school funding reform act last year ended a decade-old arrangement that capped the school tax paid to Ocean Township.
The village of 280 has not paid the township more than $300,000 to educate its children. That will jump in July to $1.6 million.
Loch Arbour officials said the average Ocean Township homeowner will receive just a $300 reduction in taxes from the change.
The average home in Loch Arbor is assessed at $1.4 million.
$300k / 24 students = $12.5k / student
$1.6m / 24 students = $66.6k / student
According to this the average district cost per pupil in Ocean county was about $11.5k so the first value makes sense. The new cost is out and out theft on a more egregious scale than the tax alone.
If I’m reading this right the total cost per student is around $24K / year. That seems extraordinarily high. Perhaps bosco can fill in any gaps.






