Cranbury school budget passes 3-to-1.
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Voters OK school tab
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PostPosted: Fri, Apr 22 2005, 8:43 pm EDT    Post subject: Cranbury school budget passes 3-to-1. Reply with quote

Cranbury school budget passes 3-to-1.

Cranbury voters gave a big thumbs up to the district's $15.6 million school budget Tuesday.

Voters overwhelmingly supported the plan, which includes a $12.4 million tax levy, by a 3-to-1 ratio, with 303 residents voting for and 76 against.

Voters also re-elected three incumbents, Kenneth Griffin, Frank Ransegnola and Elizabeth Silverman, to three-year terms.

Mr. Griffin received 380 votes, Ms. Silverman received 307 votes and Mr. Ransegnola received 303 votes. The three ran unopposed.
The budget includes a 1.1-cent tax rate decrease from last year despite a 16 percent increase in overall spending.

The increase in spending is largely offset by a 7.7 percent increase in taxable property in the township, which dropped the tax rate to $2.18 per $100 of assessed valuation for the 2005-2006 school year. Assessments increased from $545.329 million in January 2004 to $587.018 million in 2005.

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