Financial Information
Financial Info
$86.1 M in Improvements I $29.3 M in State Aid
The projected cost of the school improvements proposed in the referendum is $86.1 million. However, the district has the opportunity to take advantage of a special pool of state aid that is set aside for school districts making capital improvements through a bond referendum. If voters approve the bond referendum, the district will receive $29.3 million in state aid -- 34% of the cost of the improvements. This state aid is funded by all New Jersey taxpayers, but it is only available to school districts who pass bond referenda.
Your Tax Dollars at Work
Your state tax dollars have helped school districts across Burlington County improve their buildings in the last five years. Now, Bordentown has an opportunity to bring some of those dollars back to our schools.
The districts shown on this map have benefited from $121.6 million in state aid – your tax dollars – through bond referendums since 2021. If voters approve the Nov. 3 bond referendum, Bordentown will receive $29.3 million in state aid to address aging infrastructure and reduce the share of project costs paid by local taxpayers.
Behind the Numbers
The school district serves three communities: Bordentown City, Bordentown Township, and Fieldsboro. If the referendum passes, each community will have a different estimated tax impact based on the average assessed value of a home in that municipality.
Please note that assessed value is different from market value. Assessed value is determined by the county for tax purposes, and market value is how much a homeowner could expect to receive by selling their house.
The chart below provides the estimated monthly tax impact for homeowners based on the average assessed value of a home in each community. The term of the bond is 20 years.
| Community | Bordentown City | Bordentown Twp. | Fieldsboro |
| Avg. Assessed Home Value | $206,218 | $243,967 | $208,879 |
| Estimated Monthly Tax Impact | $38 | $49 | $35 |
Find the Assessed Value of Your Home
If you are uncertain of the assessed value of your home, you can find it through the Burlington County Assessment Records Search by selecting your community below and entering your street address and the homeowner's name:
Tax Relief Available for Seniors
New Jersey seniors can apply for three property tax relief programs – ANCHOR, Senior Tax Freeze and Stay NJ -- by filling out a single form. Eligibility criteria for 2026 vary for each program.
For more information or questions about filling out the form, call the Property Tax Relief Customer Service Center at 1-888-238-1233.
Budget Realities
Can the district make these improvements through the annual budget? Not realistically. For 2026-27, the district has a $54.2 million budget. About 71 percent of expenditures support salaries and benefits, and another 12 percent supports special education. That leaves about 17 percent for maintenance, curriculum and support, transportation and technology to operate five schools. Stretching district dollars has become even more challenging as the district experienced a net reduction in state aid of about $1.8 million over the last five years.
Funding all the projects proposed in the referendum through the operating budget would take decades and the costs would be subject to rising inflation. Without the $29.3 million in state aid that comes with a successful referendum, taxpayers would pay full price for the project costs.
Diligent With Your Dollars
Bordentown Regional School District looks out for its taxpayers by seeking opportunities for savings and alternate funding sources:
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Secured state grant to fund HVAC upgrades at the high school; also used capital reserves for $8 million in capital improvements since 2020
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Refinanced debt from a previous referendum to save taxpayers nearly $680,000
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Held 2026-27 tax levy under 2% cap while most surrounding districts did not
A bond referendum is consistent with seeking ways to improve our buildings that do not rely solely on local taxpayers.