Springfield treasurer explains decision to pull levy - News, Weather, Sports, Toledo, OH

Springfield treasurer explains decision to pull levy

HOLLAND, OH (Toledo News Now) -

At a public meeting on Monday, Springfield Local Schools Treasurer Mindy Ward explained the districts rational behind pulling a levy from the May ballot.

The district announced last week it would withdraw the 3.9 mil levy from the ballot.

Ward says the district has recalculated operating costs, and found the levy would not provide sufficient funds.

According to Ward, the districted will see a 20 to 25 percent increase in the money it pays for employee health benefits, and an increase in the cost of running the educational service center. Ward says each would total about $1 million. Ward also cites state mandates, which she says have forced increases in employee salaries.

All in all, the new forecast leaves the district with about $1 million in the bank at the end of next school year, and a negative balance at the end of the following year. Those calculations include the income the district would have gotten from the 3.8 mil levy, meaning the levy would not be sufficient to cover operating costs.

Ward says she will now look to cut insurance costs as well as union costs.

"We are already working with the district, looking at some cost cutting measures, what can we do within the district to try to save some funds as well and putting all that together to analyze what kind of levy do we need to go for in the future and when do we want to go for that," said Ward.

Superintendent Kathryn Hott says the district plans to hold a public forum on the matter.

"That way we can inform our community and our stake holders exactly where we are at, and what we are looking at if a decision is made by them and get their input as well," said Hott.

Hott says the district hopes to hold that meeting sometime in April.


Springfield Schools withdrawing levy from May ballot

Mobile users, click on the "video" button in the app to watch this story. Download our app here.

Copyright 2014 Toledo News Now. All rights reserved.

Powered by Frankly