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State law forces Toms River, N.J., school board to cut budget.

Asbury Park Press (Asbury Park, NJ)

| July 21, 2004 | This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Jean Mikle

Jul. 21--TOMS RIVER, N.J. -- A new law which caps the amount of surplus school districts can maintain led the Toms River Regional Board of Education to reduce the tax levy for the 2004-05 school budget by more than $750,000 last night.

The board voted 8 to 0 to readopt the amended budget, which will drop the tax levy by $759,936. Under the amended budget, the school purposes tax rate in Dover Township, Pine Beach and Beachwood will drop by 1 cent per $100 of assessed property value, Board Secretary Jerold Jelletts said.

The tax rate in South Toms River will remain the same this year, with the reduction coming in next year's tax…

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