School Board Pursuing $6.5 Million New Emergency Levy in August
The Stow-Munroe Falls Board of Education took the first step of two toward putting a new levy on the ballot.
The Stow-Munroe Falls School District unanimously decided during its March 28 meeting that it will pursue a new levy on the Aug. 2 ballot.
This is the first step of two toward having the 10-year levy on the ballot. Tonight, the board approved sending the amount they are requesting from voters, $6.5 million, to the Summit County Auditor's office.
Treasurer Catherine Bulgrin explained the county treasurer will determine what the millage amount will be in the next five to 10 days.
The board and Bulgrin discussed levy options in January. The highest amount considered, $6.5 million, is what the board decided to pursue.
Although the millage is not known yet, Bulgrin said in January a $6.5 million levy would most likely equate to 6.57 mills.
Bulgrin said that even if the levy passed and more "bad news doesn't come from Columbus," the district would still be in the red by $2.29 million in 2014, according to the five-year financial forecast.
The next board meeting is scheduled for April 11 at Lakeview Intermediate School at 6 p.m. The board is expected to approve the millage, which is still to be determined by the county auditor's office.
A special meeting is also scheduled for April 4 at 6 p.m. in the board's central office. The purpose of the special meeting is to discuss upcoming union negotiations.
Boardmember Denny Mariola said although there are already cut $3.5 million from the budget during the last three years, more "major expense reductions" will be announced by mid-May.
For more information and the millage amount when it becomes available, check back with Stow Patch.