facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up

Sorry, no featured jobs currently.

- Advertisement -

 

« News Home

Schools see drop in real-estate distributions



Published: Tue, October 2, 2012 @ 12:00 a.m.

Staff report

HOWLAND

Howland Local Schools saw a $780,000 drop in its most recent half-year real-estate distributions, Howland schools Treasurer Thomas Krispinsky reports.

One of the reasons for the reduction is the loss of revenue from RG Steel, which filed for bankruptcy protection earlier this year and laid off most of its 1,200 employees over the summer.

Krispinsky said other reasons are a ruling related to the bankruptcy of Delphi Packard Electric and two other businesses being granted tax-exempt status.

Those changes, coupled with losses in funding from the state and federal governments, have reduced the school district’s funding by $1.5 million for this school year, Krispinsky said.

The school district has an 8.1-mill, 10-year renewal levy on the ballot Nov. 6. It will raise $5,050,000 annually.


Comments

Use the comment form below to begin a discussion about this content.


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport