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Summary

News

09/20 03:52 EST - seekingalpha.com
4 Upcoming Dividend Increases
My strategy focuses on buying, holding, and adding companies with consistent dividend growth and outperforming benchmarks, ensuring a successful long-term portfolio. I passed on Lam Research due to competition with Applied Materials but added Amphenol for its unique position in high-growth industries like 5G and EVs. The list merges data from "U.S. Dividend Champions" and NASDAQ, featuring companies with at least five years of consistent dividend growth.

09/17 14:39 EST - https://www.prnewswire.com
Lennar Continues Strategic Expansion Across New Jersey with Launch of Four New Communities This Fall
HAMILTON, N.J., Sept. 17, 2024 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, today underscored its commitment to the New Jersey market with the announcement of a strategic expansion that includes the opening of four new communities. "Lennar is known for its innovative approach to home construction and community development, as such, we are excited to introduce a range of new homesites that cater to the diverse needs of New Jersey homeowners," said Anthony Mignone, Lennar Regional Vice President for Lennar. "By leveraging our national experience and resources, we aim to create lasting value for homeowners alike across the state, while continuing to uphold Lennar's legacy of building homes that stand the test of time." The four communities are all located in highly desirable towns, only short distances from Philadelphia, New York and the Jersey Shore. Designed with convenience in mind, these developments are positioned to offer homeowners easy access to main roads and highways, top-rated school districts, shopping and entertainment options. Additionally, each community will provide unique amenities focused on sustainability, health and wellbeing, helping to create vibrant neighborhoods where families can thrive. These offerings will range from on-site parks, expansive green spaces, state-of-the-art clubhouses featuring a resort-style pools and event spaces, pickleball and volleyball courts. Lennar's new developments promise to not only integrate seamlessly into the unique landscape of their surrounding New Jersey towns, but to provide exceptional craftsmanship and value. Every home will offer Lennar's signature Everything's Included® program, where Lennar's most popular features and finishes are built into the base price of the home. The master-planned communities debuting over the next few months include: This announcement of expansion follows closely on the heels of two recent community openings in New Jersey – The Collection at Hopewell and Monroe Park Terraces. For more information on these new home opportunities, click here or call (609) 931-4509. About Lennar CorporationLennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com. Contact: Danielle ToccoVice President CommunicationsLennar Corporation[email protected]Direct Line: 949.789.1633

09/12 09:25 EST - zacks.com
New Jersey Resources Rewards Shareholders With 7.1% Dividend Hike
NJR continues to increase shareholders' value as its board of directors approves a 7.1% quarterly dividend hike.

09/11 11:30 EST - businesswire.com
New Jersey Resources Board of Directors Increases Dividend by 7.1% to $0.45 Per Share
WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved a 7.1 percent increase in the quarterly dividend rate to $0.45 per share from $0.42 per share. The new quarterly rate will be effective with the dividend payable October 1, 2024 to shareowners of record on September 23, 2024. The new annual dividend rate will be $1.80 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has r.

09/02 09:00 EST - zacks.com
Reasons to Add New Jersey Resources Stock to Your Portfolio Now
NJR makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.

08/12 09:01 EST - zacks.com
Take the Zacks Approach to Beat the Markets: New Jersey Resources, Axon, Coca-Cola in Focus
Last week, our time-tested methodologies served investors well in navigating the market. Check out some of our achievements from the past three months.

08/10 10:26 EST - proactiveinvestors.com
Nevis Brands CEO talks expansion of Major cannabis beverages into New Jersey - ICYMI
Nevis Brands (CSE:NEVI, OTCQB:PSCBF) CEO John Kueber joined Proactive to discuss the company's new licensing agreement with Stash House to produce and distribute Major-branded cannabis beverages in New Jersey. Kueber highlighted the importance of New Jersey's market due to its proximity to major population centers like New York City.

08/06 13:37 EST - seekingalpha.com
New Jersey Resources Corporation (NJR) Q3 2024 Earnings Call Transcript
New Jersey Resources Corporation (NYSE:NJR ) Q3 2024 Results Conference Call August 6, 2024 10:00 AM ET Company Participants Adam Prior - Head of Investor Relations Steve Westhoven - President and Chief Executive Officer Roberto Bel - Senior Vice President and Chief Financial Officer Pat Migliaccio - Senior Vice President and Chief Operating Officer Conference Call Participants Richard Sunderland - JPMorgan Travis Miller - Morningstar Michael Gaugler - Janney Montgomery Scott Robert Mosca - Mizuho Operator Hello. My name is Ellie, and I will be your operator for today.

08/06 09:16 EST - zacks.com
New Jersey Resources (NJR) Reports Q3 Loss, Lags Revenue Estimates
New Jersey Resources (NJR) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.10 per share a year ago.

07/30 11:07 EST - zacks.com
Analysts Estimate New Jersey Resources (NJR) to Report a Decline in Earnings: What to Look Out for
New Jersey Resources (NJR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

07/24 12:56 EST - zacks.com
3 Gas Distribution Stocks to Buy From a Flourishing Industry
A likely increase in natural gas export volumes and regular investment in pipelines are driving the Zacks Gas Distribution industry's near-term prospects. Utilities with stable infrastructure like ATO, NFG, and NJR are well-poised to gain.

07/15 12:01 EST - zacks.com
Reasons to Add New Jersey Resources (NJR) to Your Portfolio
New Jersey Resources' (NJR) rising earnings estimates, strong investment plans and stable ROE make a strong case for investments in the gas distribution space.

07/10 07:00 EST - seekingalpha.com
New Jersey Resources: This Dividend Champion Looks Like A Buy Right Now
New Jersey Resources is a Dividend Champion, with 28 consecutive years of dividend growth to its credit. The natural gas utility's operating revenue and non-GAAP EPS climbed higher in its fiscal second quarter. NJR's interest coverage ratio through the first half of its current fiscal year was strong for a utility.

06/17 08:30 EST - zacks.com
Reasons to Add New Jersey Resources (NJR) to Your Portfolio Now
New Jersey Resources (NJR) makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.

06/03 11:21 EST - zacks.com
New Jersey Resources' (NJR) Unit Files for Gas Rate Revision
New Jersey Resources' (NJR) unit, NJNG, files for a rate revision with New Jersey BPU. If approved, it should increase the gas rates of residential customers using 100 therms a month by 71 cents.

05/31 10:00 EST - businesswire.com
New Jersey Natural Gas Files Annual Rate Adjustments With the New Jersey Board of Public Utilities
WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), today filed its annual Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) rates with the New Jersey Board of Public Utilities (BPU). Separately, NJNG also filed to recover costs associated with its energy-efficiency (EE) programs. The overall impact of these filings is a 0.5% increase for typical residential heating customers purchasing their supply from.

05/20 17:53 EST - https://www.fool.com
10 States With the Lowest Gas Tax
KEY POINTS Alaska has the lowest gas tax.Some states with low taxes in general still have high gas prices.You can't control gas taxes, but you can largely control your car insurance premiums. Check out our pick for the best cash back credit card of 2024 Check out our pick for the best cash back credit card of 2024 I'm a few weeks away from a multi-state, 700-mile trek for a family vacation, and I've got my eye on gas prices as I prepare. I'll soon be driving through two states with some of the highest gas taxes (I'm looking at you, New Jersey and Pennsylvania), but plenty of states have relatively low taxes.Gas prices fluctuate based on many factors, including demand and distribution, but one thing that all states have in common is that they charge gas taxes. Let's take a closer look at the ones that charge the least. (function(){if (!document.body) return;var js = "window['__CF$cv$params']={r:'886f8ef4e9136ff9',t:'MTcxNjI0MTk5NS4wNzAwMDA='};_cpo=document.createElement('script');_cpo.nonce='',_cpo.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js',document.getElementsByTagName('head')[0].appendChild(_cpo);";var _0xh = document.createElement('iframe');_0xh.height = 1;_0xh.width = 1;_0xh.style.position = 'absolute';_0xh.style.top = 0;_0xh.style.left = 0;_0xh.style.border = 'none';_0xh.style.visibility = 'hidden';document.body.appendChild(_0xh);function handler() {var _0xi = _0xh.contentDocument || _0xh.contentWindow.document;if (_0xi) {var _0xj = _0xi.createElement('script');_0xj.innerHTML = js;_0xi.getElementsByTagName('head')[0].appendChild(_0xj);}}if (document.readyState !== 'loading') {handler();} else if (window.addEventListener) {document.addEventListener('DOMContentLoaded', handler);} else {var prev = document.onreadystatechange || function () {};document.onreadystatechange = function (e) {prev(e);if (document.readyState !== 'loading') {document.onreadystatechange = prev;handler();}};}})();Ten states with the lowest gas taxesEach state sets its own tax rates, and the amount they charge can change from year to year. Here are the 10 states that charge drivers the lowest gas tax, and how much they charge per gallon of unleaded gas: function triggerEvent(type, obj, data){ var ev; if (document.createEvent) { ev = document.createEvent("HTMLEvents"); ev.initEvent(type, true, true); } else { ev = document.createEventObject(); ev.eventType = type; } ev.eventName = type; if(data){ for(var key in data){ if(data.hasOwnProperty(key)){ ev[key] = data[key]; } } } if (document.createEvent) { obj.dispatchEvent(ev); } else { obj.fireEvent("on" + ev.eventType, ev);//for { defineVisitCookie(new_count); }, delay); } else { window.attributionValue = 'unset-cookie'; triggerEvent('VisitCookieDefined', window, {visitCookieName: "attributionValue"}); } } setTimeout(() => { defineVisitCookie(0); }, 1000) function quinstreetCheckAndRetry(matchingConfiguration, count, maxRetries) { //the widget will be loaded into a div with id="qsWidgetContainer". if (typeof sh !== 'undefined') { sh.initialize(matchingConfiguration, "qsWidgetContainer"); } else if (count { /* NOTE the SRC value changes based on mobile or desktop SRC 692796 themotley - SEM_Desktop_HybridFlow Auto Ins http://o1.qnsr.com/cgi/r?;n=203;c=1684353;s=34369;x=7936;f=202312211330580;u=j;z=TIMESTAMP; SRC 692797 themotley - SEM_Mobile_HybridFlow Auto Ins http://o1.qnsr.com/cgi/r?;n=203;c=1684353;s=34369;x=7936;f=202312211330580;u=j;z=TIMESTAMP; SRC 693449 themotley - Email_HybridFlow1 Auto Ins http://o1.qnsr.com/cgi/r?;n=203;c=1685262;s=34771;x=7936;f=202404020712200;u=j;z=TIMESTAMP; SRC 693450 themotley - Email_HybridFlow2 Auto Ins http://o1.qnsr.com/cgi/r?;n=203;c=1685263;s=34772;x=7936;f=202404020714040;u=j;z=TIMESTAMP; */ let default_src = '669438'; const src_value = window.location.toString().replace(/.*[?|&]src=([\w-]*).*|^.*$/, "$1").trim() || default_src; let redirect_location = "http://o1.qnsr.com/cgi/r?;n=203;c=1679158;s=31592;x=7936;f=202202021353090;u=j;z=TIMESTAMP; " if (src_value === '692796') { redirect_location = "http://o1.qnsr.com/cgi/r?;n=203;c=1684351;s=34368;x=7936;f=202312211318230;u=j;z=TIMESTAMP;" } if (src_value === '692797') { redirect_location = "http://o1.qnsr.com/cgi/r?;n=203;c=1684353;s=34369;x=7936;f=202312211330580;u=j;z=TIMESTAMP;" } if (src_value === '693449') { redirect_location = "http://o1.qnsr.com/cgi/r?;n=203;c=1685262;s=34771;x=7936;f=202404020712200;u=j;z=TIMESTAMP;" } if (src_value === '693450') { redirect_location = "http://o1.qnsr.com/cgi/r?;n=203;c=1685263;s=34772;x=7936;f=202404020714040;u=j;z=TIMESTAMP;" } let matchingConfiguration = { "src": src_value, "inventorytype": "auto-default-zipwidget", "var1": window[event.visitCookieName], "aff": window[event.visitCookieName], "var2": "[var2]", "var3": "[var3]", "trn_id": "[transactionid]", "redirect_location": redirect_location, }; // Call the function with initial count 0 and maximum retries 3 quinstreetCheckAndRetry(matchingConfiguration, 0, 3); }); Alaska: $0.09Hawaii: $0.16New Mexico: $0.17Arizona: $0.18Mississippi: $0.18New York: $0.18Oklahoma: $0.19Louisiana: $0.20Texas: $0.20Colorado: $0.22While exceptions exist, many states with low gas taxes also have lower gas prices. For example, six of the top 10 states with the lowest gas prices also have the lowest taxes, including Mississippi, Oklahoma, Louisiana, Texas, Colorado, and New Mexico.The exception to this is Hawaii, which has the second-lowest state gas tax in the country but the second-highest overall price of $4.80 per gallon. Driving around paradise is expensive, thanks to the high cost of transporting gas to the Hawaiian islands.Taxes aren't the main driver of gas pricesRight now, the cheapest gas price for regular unleaded is in Mississippi, with an average price of $3.07 per gallon. Meanwhile, the highest average price is in California at $5.28.Read more: check out our picks for the best car insurance companies Politicians often take the heat for rising gas prices, but many contributing factors make up the price you pay at the pump. According to the Environmental Protection Agency (EPA), the main drivers of gas prices are:The cost of crude oil: 57.1% of gas priceOil refining costs and profit: 17.7% of gas priceFederal and state taxes: 12.8% of gas priceDistribution and marketing costs: 12.4% of gas priceAll of these factors have one thing in common: They're completely out of your control. And while gas taxes and high gas prices can be bad for your budget, there's one part of your monthly car expenses that you can influence.One car expense you can controlRising gas prices aren't the only car expense drivers should be paying attention to right now. Car insurance costs rose 20% in 2023. The good news is that you can likely lower your insurance costs by taking the time to shop around with different companies.I recently got an online comparison quote for car auto insurance, which was $32 cheaper per month than what I'm paying now. A recent study by the insurance app Jerry noted that when drivers shop for cheaper car insurance, 60% of them find it.Once I return from my vacation, I'll follow up on my insurance quote to see if I can get the same coverage for a lower price. I can't control the price of gas or how much tax I'm paying every time I fill up, but lowering my monthly insurance bill will likely have a bigger effect on my budget than the price of gas over the long term. Our best car insurance companies for 2024Ready to shop for car insurance? Whether you’re focused on price, claims handling, or customer service, we've researched insurers nationwide to provide our best-in-class picks for car insurance coverage. Read our free expert review today to get started.

05/20 11:41 EST - https://247wallst.com
New Jersey’s Best Counties to Live In
Every year in the United States, tens of millions of Americans move to a new home. According to the U.S. Census Bureau, the bulk of these moves are motivated by personal circumstances, often relating to housing, family, or employment. But when it comes to deciding on a place to live, it can also be helpful to weigh other, less subjective factors. As a means of gauging and comparing degrees of development between countries — beyond standard measures like gross domestic product and economic growth — the United Nations created the Human Development Index. By accounting for factors related to health and well-being, educational attainment, and standards of living, the HDI offers an assessment of overall quality of life at the individual level within a given geography. When applied to communities within the United States, the core principles of the HDI reveal that some parts of the country are far better places to live than others. Using an index inspired by the HDI, 24/7 Wall St. identified the best counties in New Jersey to live in. Counties are ranked on a combination of three measures – average life expectancy at birth, the share of adults with a bachelor’s degree or higher, and the poverty rate. Of the 21 counties in New Jersey, we ranked the 10 with the highest HDI score. Across all of New Jersey, average life expectancy at birth is 79.5 years. Additionally, 9.7% of the population live below the poverty line and 42.3% of adults have a bachelor’s degree or higher. Of the 10 counties on this list, six compare favorably to the state as a whole in each of these metrics. Among these 10 New Jersey counties, average life expectancy at birth ranges from 78.8 years to 83.2 years. Meanwhile, poverty rates vary between 3.7% and 14.2%, and bachelor’s degree attainment rates range from about 39% to over 50%. Data used to calculate rankings are from the U.S. Census Bureau’s 2022 American Community Survey and County Health Rankings & Roadmaps, a joint program of the Robert Wood Johnson Foundation and the University of Wisconsin Population Health Institute. All ACS data are five-year averages. Why It Matters Many of the most commonly cited economic indicators — including unemployment, GDP, and industrial output — are useful gauges of prosperity and productive capacity in a given area. But when it comes to measuring overall quality of life, any single metric inevitably falls short. To address these shortcomings, the HDI combines three key social and economic measures into a single index score, allowing for objective comparisons between communities across the United States. 10. Mercer County Avg. life expectancy at birth: 79.3 years Poverty rate: 11.2% Adults with a bachelor’s degree: 44.2% Median household income: $92,697 Population: 383,732 9. Hudson County Avg. life expectancy at birth: 80.5 years Poverty rate: 14.2% Adults with a bachelor’s degree: 46.6% Median household income: $86,854 Population: 712,029 8. Sussex County Avg. life expectancy at birth: 78.8 years Poverty rate: 5.5% Adults with a bachelor’s degree: 39.0% Median household income: $111,094 Population: 144,808 7. Burlington County Avg. life expectancy at birth: 79.1 years Poverty rate: 6.6% Adults with a bachelor’s degree: 41.1% Median household income: $102,615 Population: 461,853 6. Middlesex County Avg. life expectancy at birth: 80.6 years Poverty rate: 8.4% Adults with a bachelor’s degree: 45.1% Median household income: $105,206 Population: 860,147 5. Monmouth County Avg. life expectancy at birth: 79.9 years Poverty rate: 6.4% Adults with a bachelor’s degree: 49.9% Median household income: $118,527 Population: 643,064 4. Bergen County Avg. life expectancy at birth: 82.1 years Poverty rate: 6.8% Adults with a bachelor’s degree: 51.7% Median household income: $118,714 Population: 953,243 3. Somerset County Avg. life expectancy at birth: 82.0 years Poverty rate: 5.3% Adults with a bachelor’s degree: 57.3% Median household income: $131,948 Population: 344,978 2. Morris County Avg. life expectancy at birth: 81.8 years Poverty rate: 5.0% Adults with a bachelor’s degree: 57.1% Median household income: $130,808 Population: 508,816 1. Hunterdon County Avg. life expectancy at birth: 83.2 years Poverty rate: 3.7% Adults with a bachelor’s degree: 55.5% Median household income: $133,534 Population: 129,099 Rank County Avg. life expectancy at birth (yrs.) Adults with a bachelor’s degree (%) Poverty rate (%) Population 1 Hunterdon, New Jersey 83.2 55.5 3.7 129,099 2 Morris, New Jersey 81.8 57.1 5.0 508,816 3 Somerset, New Jersey 82.0 57.3 5.3 344,978 4 Bergen, New Jersey 82.1 51.7 6.8 953,243 5 Monmouth, New Jersey 79.9 49.9 6.4 643,064 6 Middlesex, New Jersey 80.6 45.1 8.4 860,147 7 Burlington, New Jersey 79.1 41.1 6.6 461,853 8 Sussex, New Jersey 78.8 39.0 5.5 144,808 9 Hudson, New Jersey 80.5 46.6 14.2 712,029 10 Mercer, New Jersey 79.3 44.2 11.2 383,732 Smart Investors Are Quietly Loading Up on These “Dividend Legends” If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you. Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today. The post New Jersey’s Best Counties to Live In appeared first on 24/7 Wall St..

05/20 09:05 EST - https://news.kitco.com
Nationwide gold & silver tax cuts: 13 states scrap capital gains, Fed on high alert – Jp Cortez
(Kitco News) - In the US, legislation is being reshaped by a combination of state and federal efforts aiming to revise the taxation and legal tender status of gold and silver. This trend is catalyzed by a broader movement among lawmakers and fiscal conservatives who see these changes as essential to reinforcing economic stability. "Both the state of Nebraska and the state of Alabama passed legislation exempting capital gains from gold and silver on the state level. This is part of a movement. Other states have recently done the same thing," notes Jp Cortez, Executive Director of Sound Money Defense League. In response to these state-level initiatives, federal legislation is also being considered, with "Congressman Alex Mooney recently reintroduced legislation to end all federal income taxation on gold and silver, coins and bullion in the entire country.”.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } However, not all states have joined this movement. Hawaii, New Mexico, New Jersey, Vermont, and Maine still impose sales taxes on precious metals. These states are targets for future legislative efforts aimed at aligning them with the broader national trend.The Constitutional Context and Implications for Sound MoneyThe U.S. Constitution grants Congress the power to coin money and regulate its value. Historically, this included precious metals like gold and silver, which were once part of the U.S. monetary system. Reintroducing gold and silver as money aligns with constitutional principles and acts as a countermeasure against inflation and government overspending. Cortez emphasizes the constitutional and economic stability sound money can bring in a recent interview with Jeremy Szafron, Anchor at Kitco News, "Sound money constrains a government that would otherwise do bad things with the power afforded to the printer of money... It provides people the chance to be able to save and plan in a currency that they know will hold value over the long term."Sound money refers to money backed by a physical commodity such as gold or silver and is not susceptible to significant depreciation or inflation. It is characterized by its ability to hold value over time, offering predictability in financial planning and a check on the government's ability to inflate the currency supply.The momentum for recognizing gold and silver as legal tender is growing across the U.S., highlighted by a Federal bill and recent legislative actions in several states. Nebraska joined the movement last month, becoming the 12th state to eliminate capital gains taxes on these precious metals, following Alabama's earlier decision.Similarly, Arizona, Arkansas, and Utah have passed comparable laws in recent years. Efforts to exempt these metals from income taxes are also advancing in states like Iowa, Georgia, Oklahoma, Missouri, and Kansas, with significant legislative progress made in 2024. Additionally, Kentucky has recently become the 45th state to abolish sales taxes on gold and silver, further cementing the trend towards easing financial regulations on these assets.Watch the full Kitco News interview above with JP Cortez to gain more insights into these significant developments in the monetary landscape.

05/20 08:23 EST - https://www.patch.com
Nutley Property Taxes Will Rise Under New School Budget
NUTLEY, NJ — Nutley homeowners will see a 5.26 percent increase to the school portion of their property taxes under the district’s latest budget, which passed a vote from the board of education on Thursday. It has been a tough budget season for school administrators in Nutley, who have been facing public criticism over a looming, multi-million dollar shortfall that will require belt-tightening across the district. Read More: Bad Budgeting Leads To $7M Shortfall In Nutley Schools Nutley recently caught a break when the New Jersey Department of Education partially bailed it out with a 10-year, no-interest loan. But the money came with a catch – a state monitor has been assigned to oversee the district’s finances. Read More: NJ Appoints Monitor In Nutley Schools Amid Financial Woes In the meanwhile, school officials have continued to hammer out the upcoming academic year’s budget. The Nutley Board of Education held a public hearing on May 7, which included four resolutions related to the proposed 2024-2025 spending plan. Board members ended up tabling a vote on those resolutions to their next meeting. After the May 7 meeting, district administrators released their budget presentation to the public. It can be viewed online here. As part of the presentation, administrators noted that the budget – which still had to be reviewed by the district’s new state monitor – will mean a 5.26 percent tax increase for local homeowners. Property taxes in New Jersey are mainly made up of three parts: school, municipal and county. The local school budget represented about half of that total in Nutley last year, data shows. Read More: Property Taxes In Belleville-Nutley (See Latest 5-Year Breakdown) After giving the state monitor time to review the spending plan, the Nutley Board of Education picked up from their May 7 meeting and voted to adopt the final budget on Thursday. During the public comment portion of the meeting, several Nutley parents and community members railed against cuts that will come with the budget, and said they’re worried about the loss of beloved teachers and other staff members. The cuts associated with the preliminary budget have been completed, the board noted. Watch video footage from the May 16 meeting below. Send local news tips and correction requests to eric.kiefer@patch.com. Learn more about advertising on Patch here. Find out how to post announcements or events to your local Patch site. Don’t forget to visit the Patch Belleville-Nutley Facebook page.