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DISTRICT FINANCES Youngstown city schools



Published: Wed, October 29, 2008 @ 12:00 a.m.

A Financial Advisory Committee examining district finances found that revenue between fiscal 2006 and fiscal 2009 has remained essentially flat. The district has reduced spending significantly in a number of categories over that time but has had to borrow money from the state.

MAJOR REVENUE ITEMS

General property tax: $17,574,594 in 2006; $15,836,000 in 2009.

Tangible personal property tax: $5,035,499 in 2006; $2,198,404 in 2009.

Unrestricted state grants: $66,650,670 in 2006; $66,264,799 in 2009.

Restricted state grants: $11,491,079 in 2006; $14,064,703 in 2009.

MAJOR EXPENDITURES

Employee payroll: $59,994,634 in 2006; $45,702,399 in 2009.

Employee benefits: $22,923,819 in 2006; $19,388,113 in 2009.

Total purchased services (including tuition to other schools): $31,170,763 in 2006; $35,945,676 in 2009.

Debt service: $26,710 in 2006; $12,702,484 in 2009.

Source: Financial Advisory Committee


Comments

1Bull_Chip(170 comments)posted 5 years, 8 months ago

Earth to “Financial Advisory Committee”,

We have a problem, $98 million in revenue for 2009 and $114 in expenses.

If you are not looking at another $16 million in deficit, where are your numbers wrong? And this is even with getting about 50% of the revenue for students who do go to other schools to cover your fixed costs?

Oh, & where is the 20% of the revenue that comes from the federal government according to the CUPP report? You missed it? No big deal, just a continuation of games playing and misinformation so the electorate can not make an informed decision!

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