Despite an improved five-year forecast that incorporates some money-saving strategies, a new levy could be in the Findlay School District’s future, Treasurer Mike Barnhart told the school board at its meeting Monday.
The new forecast assumes that some staff who retire or take jobs in other districts will not be replaced, and that textbook costs will be paid for with permanent improvement funds rather than general fund money.
“We’re going to be protecting programs and students as much as possible,” Barnhart said.
The latest forecast projects a positive cash balance through fiscal year 2020. The old one anticipated a deficit of $7,732,556 that year.
Deficits in fiscal years 2021 and 2022 are now projected at $3,263,879 (down from $17,242,177) and $8,649,113 (down from $27,873,227).
“I don’t see the state coming to our rescue,” Barnhart said.
The district may need to consider a new levy in a few years, with collection starting in January 2020, he said.
Board President Shane Pochard, whose term ends at the end of this year, said he will not be on the board then, but, “I think we need to look at getting our own house in order before we would ever go back to the voters and ask for more money.”
Courier education reporter Kathryne Rubright will have more on Tuesday.