Collingswood Borough and Public Schools are working to align their operations to fix a structural shortfall in district funding. Credit: NJPEN.
Collingswood Schools, Government Outline Massive Facilities, Funding Collaboration Effort
Both entities hope to identify new funding sources for district and community needs; consolidate office, academic, and recreation spaces; and manage future capital improvements for the district and community at large. Before any of that, however, they must plug a $3.6-million hole in the district operating budget in the next few weeks.
Even retaining 95 percent of a proposed, 30-year, $18-million PILOT agreement for the redevelopment project, Haddonfield faces $20 million in sunk costs before shovels hit the dirt. Meanwhile, changes to the state funding formula are forcing job cuts in the local school district, making tax increases unavoidable even if PILOT revenues are sent to the schools. Sign in or subscribe to continue reading…
In an environment of rising unemployment and price increases, cuts to federal aid programs are already having an effect on farmers, public schools, and families facing hunger. Sign in or subscribe to continue reading...