Tri-Village News

Gathering on options for potential school levy slated April 9 at high school

The Grandview school board will host a community forum regarding a potential school levy at 7 p.m. April 9 in the Grandview Heights High School auditorium.

The forum will begin with a presentation by district Treasurer Tammy Rizzo about the school district's current fiscal status. After Rizzo's update, board members will hold small-group sessions to gather input from community members about the timing and size of a potential operating levy.

The district's last levy, a combined 5.9-mill measure providing operating funds and money for building improvements and technology, was approved by voters in 2010.

At the time, the board promised the levy's operating money would last three years, but it has been stretched into a fourth year.

Last month, Rizzo told board members her latest projections show the district will be able to maintain a decreasing budget surplus the next two years, but will have a $137,000 deficit at the end of fiscal year 2016.

Without a levy, the deficit would grow to nearly $3 million in fiscal year 2017 and nearly $6.5 million in fiscal year 2018, Rizzo said.

Rizzo also presented the board with estimates of the budget impact of operating levies of 3.9, 4.9, 5.9 and 6.9 mills.

The smallest levy would keep the district in the black only through fiscal year 2016; with the next two larger levies, the district would start seeing a deficit in fiscal year 2018.

A 6.9-mill levy would maintain budget surpluses throughout the period, with a projected $112,454 surplus for fiscal year 2018, Rizzo said.

A 3.9-mill levy would increase property taxes by $136.50 per $100,000 in home value, she said. A 6.9-mill measure would cost an additional $241.50 annually for every $100,000 in property value.

Comments