07-07-2025
Jersey Shore School District to Avoid Bankruptcy Due to Tax Hike
A New Jersey school district will likely avoid filing for bankruptcy after the state passed a budget that raised property taxes.
The New Jersey Department of Education adopted a spending plan on behalf of the Toms River Regional School District late last week. The budget, which included a general-fund tax levy of about $222.9 million — including a 15.4% increase, according to a letter penned July 3 by Susan Naples, the acting executive county superintendent for Ocean County.
