The proposed Hoboken BoE budget is available and includes a detailed explanation on its tax increase and cuts detailing:
- Sequestration of federal funds used to
support our students in greatest need; - Increased costs for insurance;
- Increased requirements for funding
to charter schools due to enrollment
increases; - Increased enrollment at lower grade
levels require some staffing changes; - Requirements to reduce a long-time
deficit for our food service operations,
and - Increased costs for tuition to schools
for the disabled.
Hoboken taxpayers see approximately 26% of their tax bill go to the district with the the other two tax components being County and Municipal taxes.
About $1.8 million was needed to fill a budget gap. The amount consisted of: salary increases, the expansion of a Hoboken Charter school, health care costs and budgeting toward the Obama Sequestration at approximately over 400K.*



