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The Financial Plan
Bloomingdale Public Schools worked with the district’s architect, Gianforcaro Architects, Engineers & Planners of Mount Arlington, NJ as well as a team of financial advisors to develop a plan for the referendum project. In the summer and fall of 2024, stakeholder input meetings with a variety of Bloomingdale community groups took place to ensure the project was on track and representative of the best interest of both our town and school district.
Taxpayer will see a less than 2% total increase to their tax bill.
How to Calculate Your Tax Increase
In the example bill above you would take $9380.42 x 0.02 = $187.60 increase.
To find out the monthly cost divide $187.60 by 12 = $15.60 per month.
How to Calculate the 2% Increase:
Located your tax bill, similar to the sample provide on the left.
Look for the Item labeled 2024 Total Tax, which is shown in a red box in our example.
Take that number and multiply it by .02 (which represents the 2% increase). This figure is how much you can expect your taxes to go up If the referendum passes.
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