Lakewood School tax to increase by $140 per year under new budget
The Lakewood School district has proposed a new budget for 2026-2027, which includes a $140 increase in school taxes per year for homeowners. The budget also includes a request for a $138 million state loan and sharp increases in health benefit costs, loan repayments, and out-of-district tuition.
Lakewood School district has proposed a new budget. The budget includes a $140 increase in school taxes per year. The proposed budget is $323.9 million, an increase of $20 million over the current spending plan. It includes a new state loan request of $138 million and a $37.4 million state loan repayment. The district has borrowed nearly $300 million from the state since 2014 and still owes $146 million. The biggest spending hikes are in health care benefit premiums, out-of-district tuition, and loan repayment.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.