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.
April 8, 2025
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.
March 19, 2025
Hampered by the statutory 2-percent budget cap and flat state aid, the district says it will be unable to address increased costs without outside help. Borough officials say they are eager to partner on the issue, but also want to weigh in on the board’s budget construction and resolve contract negotiations with its teachers union.
February 12, 2025