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McDonald schools place levy on ballot



Published: Tue, January 18, 2011 @ 12:00 a.m.

By Mary Smith

news@vindy.com

McDONALD

The State Finance and Planning Commission has approved placing a 10.75-mill, five-year emergency levy on the May 3 ballot for the McDonald schools to generate $580,000 annually.

Approval of the levy, district Treasurer Brian Stidham said, would allow the district to stay in the black through 2015, based on an assumption of a 15 percent cut in fiscal 2012 of state funding and a flat rate of additional funding from the state after that.

Stidham said the projection is an “educated guess, based on recommendations from the state auditor’s office and general thoughts of others involved in school finance.”

If the levy passes, projections are the district may be able to be removed from state fiscal emergency by 2012-13.

The district still will be paying back the state Solvency Assistance Fund in 2013 and 2014, Stidham said.

McDonald borrowed $2 million through the fund in October 2009 to offset a $2 million deficit.

Because of an unexpected influx of federal-stimulus monies, the district is expected to end fiscal 2011 in the black. The district has saved more than $875,000 from cuts already made.

Stidham said he anticipates the district will still have to borrow a projected $211,000 in fiscal year 2012 to break even with passage of the levy factored in.

“We hope that will be the last year we have to go back” to the solvency fund, he said.

Should the levy fail in May, the commission is recommending that the district go back to voters in November.

If the issue fails in May, the district will have to develop a plan for more cuts, which probably will put the district close to state minimum, the treasurer said, and cause athletic programs and “a lot of other things we don’t want to see go” to be cut, he added. If the issue fails in November, the cuts will have to be implemented immediately.


Comments

1mcdres2(30 comments)posted 3 years, 11 months ago

The district should already have some options in place in case the levy does fail. Don't think that this will happen with this board. They're still spending money that we don't have, thinking that things are like they were 10 years ago.

Suggest removal:

2fran(14 comments)posted 3 years, 11 months ago

I don't think the district has anything in place. They just want the people in the village to "clean up their mess"

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3bigwheel(12 comments)posted 3 years, 11 months ago

Still spending money like 10 years ago, how so?

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4mcdres2(30 comments)posted 3 years, 11 months ago

They spent money by hiring an elementary principal at a salary of over $60,000, which by the way, is more than one mill. Retirement and benefits add another $22,000 to the package. Several people offered to do the job for a ton less and they had more experience.
I still think that they haven't done enough to cut costs in administration. 10.75 is a lot of mills, on top of the 4.9 that was just passed. This levy will cost every homeowner an additional 33% in real estate taxes.

Suggest removal:

5bigwheel(12 comments)posted 3 years, 11 months ago

Several people offered to do it for much less? Like the former supt. of Lordstown and McD? If they hired him it would have been a public relations nightmare. His past discretions would have been the center of his hiring. He is the only one I am aware of that would have done the job of both principal and supt. that cheap. 33% more in taxes? Not the way I figure. It will cost me about $200-$225 more a year and that is a lot less than 33% of what I pay now.

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