Hopatcong School, Borough Budgets Ahead This Week
Tentative spending plans and according tax rates set for county approval during first week of March.
March, as the cliché goes, is supposed to come in like a lion. In Hopatcong this week, the roar of budgets will be heard loud and clear.
Both the Hopatcong Mayor and Council, as well as the Board of Education will meet this week, introducing budgets for their upcoming respective fiscal years.
On Wednesday, the Mayor and Council will introduce its budget at 7:30 p.m. at the Municipal Building, with a final reading scheduled for the borough’s April 3 meeting.
At the same meeting, the borough’s agenda notes an ordinance will be introduced to allow $80,000 to be used for the purchase and installation of police equipment.
For the Hopatcong Schools Board of Education, a special meeting will be held this week to finalize a proposed budget for the county superintendent to review. Date for this meeting is yet to be established.
Financial aid from the state was awarded Feb. 28, and Hopatcong Schools received a 2.2-percent increase in state aid over the 2012-13 year, but that amount is still not enough, according to Superintendent Charles Maranzano.
In 2012, Hopatcong lost more than $700,000 in state aid; more than a 6-percent drop from the year previous.
The district is still reeling from that cut, Maranzano said, and the increase in the new year’s budget is just a dent in making up the lost amount.
Check back for coverage this week on both topics.