Norwalk school board ponders possible cuts

Since 2008, Norwalk's revenue loss has added up to more than $2 million per year.
Aaron Krause
Dec 5, 2012

The Norwalk City Schools budget will be cut. The question now is, in what areas.

School officials discussed possibilities, but took no action, at a recent special meeting.

Since 2008, Norwalk's revenue loss has added up to more than $2 million per year, due to federal and state education budget cuts. The special meeting came in the wake of voters defeating on election day an additional tax for daily operating purposes. The levy would have raised $1.85 million annually for the school system for five years. Last March, almost 60 percent of voters turned down a 6-mills additional levy that would have generated $2 million to cover daily operations.

The state is requiring district officials to come up with a written plan to make up for deficit spending in fiscal year 2014. It is due to the Ohio Department of Education on Dec. 31.

A story about this subject was published in the Reflector.

 

Comments

Contango

And most of those students are paying their tuition with govt. backed loans.

And if and/or when they default, who will pick up the tab?

Total student debt is about $1T. IMO, one of the next credit bubbles to burst.

BTW: The govt. is funding 70% of consumer debt.

http://www.zerohedge.com/news/20...

Got gold?

RRB34

Ohio pays K through 16 public education.

Contango

@ RRB34:

Funding for primary and secondary education includes both state and local revenue.

Contango

Gotta look at total employee compensation in order to help understand the bigger picture: Salary, perqs, plus current and retirement health and welfare benefits.

Figure the cost of perqs and bennies at a 'minimum' of 3 times the salary amount.

It’s like an iceberg; the largest portion is below the surface of the water.

CAST THE FIRST STONE

SB5,,SB5..SB5...SB5...SB5...SB5...SB5...SB5..SB5..TEACHER UNIONS VOTED FOR THIS TO HAPPEN IT WAS FIXED AND KNOW THEY WANT TO KNOW HOW THIS COULD HAPPEN...SB5 FIXED ALOT OF IT. PEOPLE WOULD OF VOTED FOR A SMALLER LEVY IF SB5 STAYED IN EFFECT.

luvblues2

Were you banging your head against a brick wall while screaming all of that CTFS? Get help...

2sense

supt got a nice raise recently

Contango

For those of you who foolishly believe that sports is a "profit center" for schools:

"Historically, only a fraction of college athletic departments support themselves. To break even, most rely on student fees and support from the school's general fund.

Of the 120 athletic departments in college football's top division in 2011, only 19% reported a profit.

The profitable schools generally have one thing in common: big-time football. Ohio State University's football team, for instance, earns more than 70% of the revenue generated by all the school's teams."

If college sports can't support themselves with commercial and alumni backing, how possibly can HS sports?

http://online.wsj.com/article/SB...

CAST THE FIRST STONE

great point

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