Corzine's School Funding Reform Act causes beach towns property taxes to rise $10,000 a year (Ocean City: living in)

[GiantRutgersfan]

Loch Arbour : Tiny town's tax bills to double under Corzine's 'reform' - Paul Mulshine




This is a small beach town, with hardly any full time residents. They had been paying Ocean City $14,500 per student to attend their HS. In Corzine's bill, there was a stipulation that made the costs be per resident, not per student. So the annual school payments will rise overnight from a little more than $300,000 a year to more than $1.6 million a year.

[njkate]

That sucks and will be the nail in the coffin for any towns even remotely considering merging services
That rat b@$t@rd Corislime can't leave office soon enough....

[MaverickDD]

Originally Posted by GiantRutgersfan

Loch Arbour : Tiny town's tax bills to double under Corzine's 'reform' - Paul Mulshine This is a small beach town, with hardly any full time residents. They had been paying Ocean City $14,500 per student to attend their HS. In Corzine's bill, there was a stipulation that made the costs be per resident, not per student. So the annual school payments will rise overnight from a little more than $300,000 a year to more than $1.6 million a year.

That's Ocean Township in Monmouth County, not Ocean City in Cape May County. About 75 miles separates the two.

But this does cause me to wonder what's happening in OC. There, the shoe is on the other foot as the beach town (OC) is the receiving district for students living inland and at smaller beach towns... Upper Township and Sea Isle. I wonder how the new funding formula is affecting them?