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Renewal Levy

Renewal Levy. May 5, 2009. Woodridge Local School District Renewal Levy. 10.01 Mills Continues Collection of $5,271,549 Combined Two Emergency Levies That Expire at the End of 2009 ($3,194,424 and $2,077,125).

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Renewal Levy

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  1. Renewal Levy May 5, 2009

  2. Woodridge Local School DistrictRenewal Levy 10.01 Mills Continues Collection of $5,271,549 Combined Two Emergency Levies That Expire at the End of 2009 ($3,194,424 and $2,077,125)

  3. PASSAGE OF THE RENEWAL LEVY WILL CONTINUE TO PROVIDE 25% OR $5,271,549 OF THE WOODRIDGE LOCAL SCHOOL DISTRICT’S TOTAL ANNUAL REVENUE COLLECTION.

  4. Local taxes represent 67% of the District’s total annual revenue.

  5. WOODRIDGE LOCAL SCHOOL DISTRICT REVENUES BY SOURCE 2008/2009 16,000,000.00 14,000,000.00 12,000,000.00 10,000,000.00 8,000,000.00 6,000,000.00 4,000,000.00 2,000,000.00 - TAXES LOCAL STATE FOUNDATION STATE OTHER STATE STATE TANGIBLE HOMESTEAD/ ROLLBACK REIMBURSEMENT

  6. The following graph represents the District’s projected year end cash balance with and without the renewal levy passage. With passage, it is projected we will not need new money until Fiscal Year 2012-2013 Should the renewal levy fail, we will need new money in Fiscal Year 2010-2011.

  7. WOODRIDGE LOCAL SCHOOL DISTRICT PROJECTED GENERAL FUND CASH BALANCES 15,000,000 10,000,000 5,000,000 0 2008/2009 2009/2010 2010/2011 2011/2012 2012/2013 Projected Cash Balance With Passage of Renewal Levy (5,000,000) Projected Cash Balance (10,000,000) Without Passage of Renewal Levy (15,000,000) (20,000,000) (25,000,000) (30,000,000)

  8. Salaries Benefits Purchased Services Supplies Equipment Other Expenses Transfer/Advances WOODRIDGE LOCAL SCHOOL DISTRICT 2007-2008 EXPENDITURES 1.6% 3.9% 0.4% 1.2% 13.4% 58.0% 21.5%

  9. Governor Strickland has proposed a new method of funding for schools for the next budget cycle. The projections show that we will receive an additional $148,824 in Fiscal Year 2009-2010 and an additional $182,557 in Fiscal Year 2010-2011. The renewal levy continues collection of $5,271,549.

  10. Governor Strickland’s Proposed Evidence Based Funding Plan 2008-2009 Projected Total Revenue Collection Including State Funding = $20,832,941

  11. It’s a RENEWAL LEVY– This renewal levy will not raise any additional taxes for the district. • It represents 25% of the districts budget. • Success of schools directly proportional to value of home.

  12. It is an operating levy. This will not fix our buildings. • We made $500,000 in permanent cuts five years ago since that time … • we were able to improve from a rating of Continuous Improvement to that of Excellent. • we went from not meeting Adequate Yearly Progress at the building or district level to meeting it in every building and as a district • our students demonstrated more than a years worth of academic growth during one school year

  13. After the passage of a new money levy in 2004, the district was able to assure its voters that no new money would be needed until 2009. Instead we should not need new money until 2012. • In the past 4 years Woodridge has been awarded more than $400,000 in one time competitive grants.

  14. High School has 125 more students than we did yet we have one less teacher and still The U.S. World and News Report rated Woodridge High School as one of the top high schools in the country. • When we cut $500,000 five years ago, it represented 43 positions. If the levy fails, we would lose 5.2 million.

  15. PLEASE VOTE ON MAY 5, 2009 Do it for the children, they are the future.

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