Sylvania Schools predict $3 million deficit, may need to levy - News, Weather, Sports, Toledo, OH

Sylvania Schools predict $3 million deficit, may need to levy

Northview High School in Sylvania Northview High School in Sylvania
SYLVANIA, OH (Toledo News Now) -

Sylvania School officials say another levy may be needed to help the district stay above water. Just like schools across the country, they are facing declining property values and decreases in state funding.

Superintendent Brad Rieger says they've been frugal with their money for the past few year, but are now preparing for a predicted deficit of $3 million by 2015.

"Our community has been tremendously supportive of our school district," Rieger said.

The district already cut 120 jobs in recent years, and got a 4.9 mill levy approved in 2011, but now they are preparing the community for the possibility of asking for more.

"In July of 2015, we're predicting or forecasting about a $3 million deficit, and obviously there's some other factors that we'll weigh into that, the state budget being one," Rieger said. "But we need to take some preliminary steps in getting ready for being on the ballot again."

Jim Loss, owner of Loss Realty Group in Sylvania, isn't surprised the district is considering another levy. After dropping significantly in recent years, Loss says the good news is property values are going back up.

"The market has turned, and we're on to a positive cycle now," Loss said. "So, that will all be good for the economy, and the market, but again the municipalities and the schools, they're going to have to figure out a way to come back to the voters to get more income, because the property taxes won't be reevaluated for another three years."

After Gov. John Kasich's budget is finalized, Sylvania Schools will have a clearer picture in July of if and when they will put a levy on the ballot.

Copyright 2013 Toledo News Now. All rights reserved.

  • Headlines from Lucas, Wood, Ottawa, Fulton & Monroe CountiesNewsMore>>

  • Atkinson School in Fremont placed on lock down Monday

    Atkinson School in Fremont placed on lock down Monday

    Monday, April 23 2018 2:02 PM EDT2018-04-23 18:02:38 GMT
    (Source: WTOL)(Source: WTOL)

    Police say the school was placed on lock down around 1 p.m. after receiving calls of gun shots heard within the area.

    More >>

    Police say the school was placed on lock down around 1 p.m. after receiving calls of gun shots heard within the area.

    More >>
  • 200-year-old shipwreck discovered on Lake Erie

    200-year-old shipwreck discovered on Lake Erie

    Monday, April 23 2018 1:33 PM EDT2018-04-23 17:33:12 GMT
    (Source: WTOL)(Source: WTOL)
    (Source: WTOL)(Source: WTOL)

    The National Museum of the Great Lakes will have divers take a look this summer, and possibly begin excavating the ship wreck to determine if it's a sailing ship called the Lake Serpent.

    More >>

    The National Museum of the Great Lakes will have divers take a look this summer, and possibly begin excavating the ship wreck to determine if it's a sailing ship called the Lake Serpent.

    More >>
  • Judge appoints new WLS board member

    Judge appoints new WLS board member

    Monday, April 23 2018 12:49 PM EDT2018-04-23 16:49:47 GMT

    A Lucas County judge has decided who will fill the current vacancy that was once Patrick Hickey's on the Washington Local School Board.

    More >>

    A Lucas County judge has decided who will fill the current vacancy that was once Patrick Hickey's on the Washington Local School Board.

    More >>
Powered by Frankly