The Warren Local school district's latest five-year forecast predicts deficit spending for the next five years, leaving the district $7.1 million in the red even if an emergency levy is renewed in two years.
The passage of a proposed 3.75-mill bond issue to build a high school and 5-mill permanent improvement levy on Nov. 6 would ease the burden even further, but the district would still be $2.5 million in the hole at the end of fiscal 2017 if current assumptions bear out.
Financial Year
The five-year forecast was presented to the Warren Local Board of Education during Monday's regular meeting, held at Warren Elementary School.
Budget Deficit
The board also voted 4-1 to again delay action on a proposal to eliminate the pay-to-participate fee for sports.
Treasurer Melcie Wells reminded board members and those attending the meeting that although a five-year forecast must be submitted to the Ohio Department of Education every October, followed with an update by May, the document is constantly in flux.
"It's a working document that we look at all the time," she said.
The personnel services line item, which includes salaries, actually decreases slightly over the life of the forecast, from $9.75 million to $9.72 million, but benefits rise by more than $1.3 million due in large part to conservatively estimated insurance rate increases.
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