Wednesday, April 18, 2012
School officials say a new levy is necessary to overcome an $8.6 million budget gap that's expected to split open by 2015.
One measure down, one to go. During its regular meeting on Tuesday, the Woodridge Board of Education passed the first of two resolutions needed to put a new levy on the Aug. 7 ballot. The second resolution will come before the board at a special meeting on May 1, said board president Tammy Heffernan. Once approved, the proposed levy would be virtually the same as March's failed issue: a 6.83-mill, five-year emergency levy that would generate $15 million in revenue and cost homeowners $209 a year for every $100,000 in valuation, according to Woodridge Schools treasurer Deanna Levenger. School officials say passing a new levy is crucial in avoiding an $8.6 budget gap that's expected to split open by 2015. Following back-to-back levy …
41.19174
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Woodrige Local Schools District Office
4411 Quick Rd, Peninsula, OH
/articles/woodridge-schools-pay-to-participate-approved-new-levy-one-step-away-from-ballot
1083574
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Property taxpayers will see a seven-figure savings over the next seven years due to the refinancing of $6.5 million in school improvement bonds.
$1 million saved is $1 million earned. At Tuesday night’s Woodridge Board of Education meeting, treasurer Deanna Levenger announced a seven-figure savings would be passed on to property taxpayers within the district over the next seven years. Last week, Levenger finalized the deal when she issued $6.5 million in school facilities improvement refunding bonds that were secured in 1994 through the unlimited tax pledge. The money originally helped pay for the construction of the Woodridge Middle School, and covered improvements to the Woodridge High, Intermediate and Elementary Schools, she said. In other words, Levenger saved $1 million by selling new bonds at a lower interest rate (1.72 percent) to pay off existing bonds that carried a …
41.19174
-81.50968
Woodrige Local Schools District Office
4411 Quick Rd, Peninsula, OH
/articles/woodridge-schools-treasurer-saves-district-taxpayers-1-million
1083574
/locations/6824112
Monday, April 2, 2012
From pay-to-participate fees and layoffs to levy proposals and spending freezes, Woodridge Local School officials and the Board of Education have much to consider in the months ahead.
Decisions, decisions. Following the failure of Issue 10 on March 6, the Woodridge Board of Education will soon make some rulings on how to balance the district's beleagured $20 million annual budget. The first decision will come at its next regular meeting on April 17 when the board will have to decide whether or not to institute a pay-to-participate policy. As it stands, it costs the district $410,000 per year to fund the district's athletic, extracurricular, music and club programs, and its the aim of school officials to "defray" the six-figure price tag, said Woodridge Schools Superintendent Walter Davis. To figure out the best pay system, a pay-to-participate committee, chaired by treasurer Deanna Levenger, was formed last month and …
Monday, March 19, 2012
School officials ask that no-voters, in particular, attend the meetings to understand why they sided against Issue 10.
Issue 10, the proposed 6.83-mill, five-year emergency levy failed on March 6 by 249 votes. Question is, why? To get some real answers, Woodridge Local School Superintendent Walter Davis has suggested a short series of public forums to be held starting at the end of the month. Davis wants the voters who sided against the levy, in particular, to attend the forums to find out why they voted no. Three forums have been set so far at varying times and locations and are as follows: Tammy Heffernan, president of the Woodridge Board of Education, has voiced concern that the no-voters won't participate if Davis and treasurer Deanna Levenger are present, according to a March 18 Falls News Press post. However, it's not yet clear how the meetings …
41.16643
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The Root Café
852 W Bath Rd, Cuyahoga Falls, OH
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1870700
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Friday, February 3, 2012
If it passes, the 6.83-mill emergency levy will run for five years and raise $15 million. If it fails, the district could begin to experience some painful budget cuts.
Like most things these days, it’s a matter of dollars and cents. If the proposed 6.83 mill emergency levy passes on March 6, it would run for five years, raise $15 million in revenue and cost homeowners $209 per year for every $100,000 in valuation, said treasurer Deanna Levenger. The eight-figure boost in revenue would also help to close a $10.6 million budget gap that is expected to split open by 2016, according to the district’s five-year forecast. Since the last levy – a 5.88 emergency issue – failed by only 224 votes, Levenger said she’s optimistic about the district’s chances on Issue 10 in the weeks ahead. However, Thursday night’s special meeting at the Woodridge administrative offices dealt more with determining a course of …
41.19174
-81.50968
Woodrige Local Schools District Office
4411 Quick Rd, Peninsula, OH
/articles/issue-10-weighing-heavily-on-minds-of-school-officials
1083574
/locations/6306243
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