Merchantville BOE Candidates 2020. Credit: NJ Pen.
Merchantville BOE Candidates 2020. Credit: NJ Pen.
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A one-time policy solution offered by the New Jersey Department of Education allows communities that lost state aid to exceed the cap on their taxes without a public vote. In Haddon Township and Collingswood, which have already made cuts, it could take double-digit increases just to maintain current staffing and service levels.
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More Aid Cuts Leave Haddon Township Schools Facing $4M Deficit for 2025-26 Budget
Superintendent Bob Fisicaro says options for closing the gap include a combination of tax increases, drawing down a reserve fund for emergency unemployment benefits, and borrowing against money reserved for improvements to athletic facilities. The district submits its budget Wednesday.
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