August 29, 2018

Senior Citizen Asks How Much Referendum Will Increase Tax Bill

To the Editor:

I am a retired senior citizen and I live in Governors Lane.

I have read about the referendum to raise $130 million for the Princeton Board of Education school expansion and improvement. I have asked the following question at the mayor’s office, at a meeting on Witherspoon Street about this challenge, and to a candidate for town council for whom I will vote in November. I understand the average assessed home in Princeton is currently $837,000.

I would like to know, if the referendum passes and the $130 million is raised, how much in dollars will that increase our tax bill each year? $100, $1,000, $2,000? More? I think before all voters in Princeton vote on this issue, they should know in dollars how much we will have to pay. There has to be an accountant, a town official who can calculate that number before the November election and let the voters know. I would like to know.

Thank you.


Governors Lane