Natalie Biello
Helping Build A Stronger Millstone
STRENGTHENING OUR
FINANCIAL FOUNDATION
If we want to maintain pupil-2-teacher ratios, increase the quality of education we have the face the financial headwinds head-on. Millstone Township must build financial resilience through strategic partnerships, grant opportunities, and right-sizing operations to enrollment trends.
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The district's budget has grown from $39.6 million in 2019-20 to an estimated $44 million in 2024-25, reflecting steady 2.2% annual growth
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There is $2.1 million in projected state aid losses through 2025
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As property taxes provide 79% of district revenue compared to the typical 50-60%, we must identify alternative funding sources and operational efficiencies to prevent unsustainable tax increases.
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Rising special education costs, healthcare benefits consuming 19% of budget, and maintaining aging facilities demand creative financial strategies beyond simply raising taxes on already-burdened residents.
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The good news is that there are solutions that don't solely rely on increasing taxes or cutting key programs.
POTENTIAL LONGER TERM CHALLENGES
The high reliance on property taxes shields Millstone from some of the State funding challenges BUT also opens us up when a recession hits impacting property tax revenues.
ADDITIONAL WAYS TO BUILD A STRONGER MILLSTONE
STAY CLOSE TO THE CAMPAIGN
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