Youngstown schools fiscally stable, loses Chaney principal

YOUNGSTOWN

Youngstown city schools are financially stable and could stay that way for the next five years if the renewal and reduction of a four-year, 9.5-mill levy is approved by voters in the March primary election.

The board of education wants to replace the four-year levy, which generates about $5.3 million a year, with a levy that would produce about $3.5 million annually.

“We will continue to take steps internally to cut costs without touching academics. But if the levy doesn’t pass, the district will probably go into fiscal watch by the 2013-2014 school year,” said schools Superintendent Connie Hathorn, speaking Friday after a meeting of the board of education’s finance committee.

The meeting was called by board President Lock P. Beachum Sr. to have Treasurer William Johnson recap finances of the 2010-11 school year and review current school-year finances.

Hathorn also confirmed that Chaney High School Principal Richard Gozer has resigned his position.

For the complete story, read Saturday's Vindicator or Vindy.com.