Boardman schools to lose thousands next fiscal year
The school district’s finances will be considerably stretched next school year, due in part to Gov. John Kasich’s proposed budget, treasurer Richard Santilli told school board members.
The proposed budget calls for a 10.2 percent reduction in state-foundation support in fiscal year 2012, which begins July 1. But that’s not all the district will lose, Santilli said at Monday’s board session.
The tangible personal property reimbursement, which all businesses paid on inventory, equipment and machinery, began being phased out a few years ago. The district will lose $703,637 in fiscal year 2012 because of it.
And, for the past nine years, the district has received public utility deregulation reimbursement money. That’s been phased out completely, at a loss of $126,653 for the fiscal year, Santilli said.
For the complete story, read Wednesday's Vindicator and Vindy.com