School taxes are about to rise significantly in many New Jersey communities, as a decades-old rule that held down property tax increases is about to lifted temporarily in some places.
Gov. Phil Murphy’s administration identified 281 of the state’s 590 operating school districts that were not taxing their residents enough to pay for schools and were not spending enough money to adequately educate their students. Those schools were recently notified that they may be eligible to exceed the state-mandated 2% cap on local taxy levy increases for the upcoming school year, if they had exhausted other avenues of balancing their budgets.
Nineteen of those districts are in Monmouth County and 18 are in Ocean County…