A Parsippany resident with an average home assessed at $308,000 will see his or her tax bill climb $145 next year if the school district’s proposed budget goes forward.
The total budget – presented to the public recently by interim Superintendent John Fitzsimmons – comes in at $141,220,550, which includes an overall increase of 1.17-percent to the general fund.
The single biggest line item in the budget comes in the form of salaries for the district, with payments in the amount of $82,025,565 going to faculty and staff. That’s an increase of 2.3-percent over last year’s approved budget.
Eight separate items make up the district’s capital improvement plan, all with large, one-time costs, including:
- Knollwood Roof: $850,000
- Rockaway Meadow Roof: $800,000
- Parsippany High School Track Replacement: $400,000
- Littelton Partial Windows: $325,000
- Parsippany High School and Central Middle School Emergency Generators: $500,000
- Parsippany High School Auditorium Renovations: $50,000
- Elementary Air Conditioning Units: $50,000
- District Paving and Concrete: $100,000
The tax rate comes to .0174, or $1.74 for every $100 of assessed home value. The average home had an annual payment of $5,221.17 in the 2013-14 school year, which will bump to $5,366.75, an increase of $145.58.
The budget was put together, in part, by Fitzsimmons, who won’t be around to see the changes made or the money allocated. Parsippany hired its newest schools chief recently, Scott Rixford, to a five-year contract that starts on July 1.