BORDENTOWN, N.J. (AP) — A Catholic school that has operated in central New Jersey for nearly 150 years will soon be shuttered.

The Diocese of Trenton announced Saturday that the St. Mary School in Bordentown will be closed at the end of the school year due to declining enrollment and mounting financial difficulties. The school has 112 students, and their families were notified of the decision on Friday.

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The school is expected to finish the year with a $100,000 debt. It employs 19 faculty and staff members, and the diocese will provide them with undisclosed severance packages.

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The St. Mary school was founded by the Sisters of Mercy in the mid-1800s. It was the first school founded by the Sisters of Mercy in New Jersey. The school building was constructed in 1888.

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