Monroeville schools to face negative spending in 2015

School district treasurer Mike Wade's five-year forecast foresees $275,000 in negative spending in fiscal year 2015. He also predicted negative spending would increase through fiscal year 2017.
Aaron Krause
Sep 19, 2012

School district treasurer Mike Wade's five-year forecast foresees $275,000 in negative spending in fiscal year 2015. He also predicted negative spending would increase through fiscal year 2017.

Wade said in his forecast, he reduced the expected revenue from property taxes, because he wasn't comfortable including it due to unknowns.

"I know things are going to change and I hope revenues and expenses change at the same time," Wade said.

A story about this and other Monroeville school matters was published in Tuesday's Reflector.

Find more of this story and other exclusive content in the Norwalk Reflector print edition or the E·Paper online newspaper.

 

Comments

hit the road jack

Well, I guess if a business loses money they lock the door and go home,where does anyone think they will come up with this kind of money besides raising taxes.

Contango

When a family finds itself in a financial predicament, a couple actions are to cut expenses and sell the family heirlooms.

Does the school have any assets that they can pawn?

Time to cut some sports programs?

arnmcrmn

Sports programs are a staple at schools and should never be cut. Maybe they could do a semi pay to play type of deal to try and help out.

Contango

@ arnmcrmn: I don't totally disagree. However, IMO when economic times are tough you gotta preserve the three "R"s.

I just read an article - Greece is having a fire sale. I've got my eye on the Acropolis, it would look nice in the back yard.

yeahme

Crazy! Why would cutting sports even be an option? Sports is all they have. They go to all these big beautiful (overbuilt) schools and then go back to their over cramped school. What do they have to be proud of? Its sad and just doesnt seem fair.

Rabbi

Be careful Monroeville. You you get what you pay for.

hit the road jack

If their schools are so cramped then why do they have open enrollment?