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[quote="news"]Residents will have a chance to vote $15.5 million tax levy at April 17 school elections, to be held at Town Hall.

The school board approved a $16.7 million spending plan Tuesday that is 5 percent larger than last year's $15.9 million plan.

Residents will have a chance to vote $15.5 million tax levy at April 17 school elections, to be held at Town Hall.

If approved, the school tax rate would be 81.33 cents per $100 of assessed value. Under that rate, the owner of a house assessed at the new township average of $673,000 would pay $5,474 in school taxes in 2007.

Comparing the rate with last year's number is difficult, however, because of a township property revaluation that increased the value of all property in the township and drove down the tax rate. The revaluation bumped up the average residential assessment from $219,439 to $673,176.

Cranbury School Business Administrator Carolyn Eversole said the district will receive $727,735 in state aid this year, $21,196 more than it received last year.
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([url=http://www.zwire.com/site/news.cfm?newsid=18150077&BRD=1091&PAG=461&dept_id=425419&rfi=6]more[/url])[/quote]

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