Toms River schools might sell land to cover $12.4M budget gap

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Toms River schools might sell land to cover .4M budget gap
Toms River schools might sell land to cover .4M budget gap

TOMS RIVER – Toms River Regional schools are still in funding limbo as the district waits to see if pending legislation could help close a $12.4 million budget gap, or if it might have to turn to a real estate sale.

“We’re waiting and being as hopeful as we can,” Superintendent Mike Citta said.

Toms River Regional has also completed appraisals on 27 acres of district-owned property by the Joseph A. Citta School, as well as land by High School East for a possible sale to raise money.

The school board voted 6 to 3 to approve a 9.9% tax increase in June, but only if the state coughed up an additional $12.4 million in aid. When no additional aid was offered, the board voted against the spending plan, which left the district without a budget and forced the state to put the budget with the tax increase in place. Interim Ocean County Schools superintendent said she had no choice but to order that initial budget implemented, with the tax increase.

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