Events Calendar
In This Section
Most Read Stories
Suspect arrested in killing of soldier in Akron
Tallmadge man dies after motorcycle crash
Passers-by call police over topless gardener
Akron police arrest suspect in Iraq war veteran's killing
Wadsworth police chief not interested in desk job
Teen accused of drinking, dancing topless in club
Falls considers spending $195,000 on Portage Trail design plans
Blogs:
Akron Docs in Haiti:
Almost home
First Bell - On Education:
21st Century Skills and Akron’s new middle school
Pets:
Lost Mini Schnauzer around Cascade Valley Park
The Heldenfiles:
Fess Parker, R.I.P.
Akron Zips:
Is it time to go after transfers?
Tribe Matters:
Wood sidelined at least six weeks
Cleveland Browns:
Yates latest to re-sign
Balanced Ledger:
How times have changed?
Kent State Sports:
Kent State @ Illinois – NIT notebook
Cleveland Cavaliers:
Gameblog: Cavs at Chicago Bulls (Green Mascot and All)
Buckeye Blogging:
Bucks High Seed – Turner High Praise
Varsity Letters:
Jackson advances to Division I state semifinal
All Da King's Men:
ObamaCare To Reduce Premiums By 3000% ?
Blog of Mass Destruction:
The Bigotry Of The Baggers
Akron Law Café:
More on Shaming Corporate Criminals
Car Chase:
2010 CONCOURS SEASON IS UPON US
Let's Talk Real Estate:
Deals in Miami?!.
Sound Check:
Willie Nelson & Family coming to the Akron Civic Theatre May 11
See Jane Style:
Who Wore What – The Oscars
HRLite House:
Horses of Courses
Akron Gamer:
Video: Gamers expected to 'reach' for new 'Halo'
By M.A. Ferguson-Rich
Special to the Beacon Journal
POSTED: 05:00 p.m. EDT, May 04, 2009
STOW: The Stow-Munroe Falls school board is renewing its contract for nursing services with Akron Children's Hospital for the 2009-10 school year.
The hospital will receive $182,836 and has waived a 3 percent increase. Superintendent Russell Jones said the hospital was aware of budget reductions in the district and responded by forgoing the increase.
Treasurer Catherine Bulgrin presented a five-year forecast. Although it appears the district will complete the 2009 fiscal year in the black, there is a projected deficit of more than $4 million by the end of fiscal year 2011 and more than $15 million by the end of 2013, according to the forecast.
Bulgrin cited such factors as declining property tax revenue, expiring tax levies, the phasing out of the tangible personal property tax and refunds to taxpayers who successfully challenged their property valuations.
She said the district enacted another round of reductions totaling $1.2 million on April 16. Even with these cuts, flat revenue from the state, combined with increases in operating costs, will bring about deficits by 2011.
The district does not have a levy increase on today's ballot and is seeking input from area leaders to deal with its financial situation.
In other business, four high school students qualified to travel to Birmingham, Ala., on June 13, to participate in a national debate tournament. The board approved the trip, which will cost about $6,000. Fundraising is planned to help defray the costs.
STOW: The Stow-Munroe Falls school board is renewing its contract for nursing services with Akron Children's Hospital for the 2009-10 school year.
The hospital will receive $182,836 and has waived a 3 percent increase. Superintendent Russell Jones said the hospital was aware of budget reductions in the district and responded by forgoing the increase.
Treasurer Catherine Bulgrin presented a five-year forecast. Although it appears the district will complete the 2009 fiscal year in the black, there is a projected deficit of more than $4 million by the end of fiscal year 2011 and more than $15 million by the end of 2013, according to the forecast.
Bulgrin cited such factors as declining property tax revenue, expiring tax levies, the phasing out of the tangible personal property tax and refunds to taxpayers who successfully challenged their property valuations.
She said the district enacted another round of reductions totaling $1.2 million on April 16. Even with these cuts, flat revenue from the state, combined with increases in operating costs, will bring about deficits by 2011.
The district does not have a levy increase on today's ballot and is seeking input from area leaders to deal with its financial situation.
In other business, four high school students qualified to travel to Birmingham, Ala., on June 13, to participate in a national debate tournament. The board approved the trip, which will cost about $6,000. Fundraising is planned to help defray the costs.
Comments
Click here to post your comments
