With the unsuccessful passing of the city income tax levy in recent weeks, the city is not the only department facing financial hardship. The Beavercreek City Schools are facing a state fiscal oversight should the emergency school levy not pass during the August 6 or November 5 election.
During Thursday night’s Board of Education meeting, members of the board expressed their concerns regarding the continued deficit, despite over $13 Million cuts and savings.
“It is challenging when they say, “live within your means.” But, if you are a growing operation, it is hard to be a growing business at the same time cutting your expenditures and expecting produce the same level of service that your customers have become a custom to,” said the financial manager, Mr. Maags. “It is very unusual for a city like Beavercreek to go for ten years without asking for additional operating funds. Districts like Beavercreek are typically on the ballot every three to five years asking for additional revenue. There are districts similar to Beavercreek that have had passed two additional operating levies since Beavercreek has last past theirs in 2003.”
Board member, Kim Grant said, “We can’t turn the kids away. We don’t say, “Sorry, we don’t have enough money- we can’t take your child in our district,” it doesn’t work that way. So, because of us being a growing district and not having growing funds to match it, it is very challenging.”
“What the community does not realize is that this a very large business and we are under state law to operate as a business and we cannot just spend down and we are required to be physically responsible maintain that five year forecast,” voiced board member, Peg Arnold.
It has been ten years since the passing of an operational levy. Since that time, prices have increased on everything needed while state funding has decreased. If the deficit is not resolved before the cash reserves are in critical, the Beavercreek City School district face state fiscal oversight, like Fairborn and Huber Heights. The fiscal oversight forces the school district to borrow funds for operations until the district passes a levy.
Vice President, Rob Dotson said, “I think every child and parent in this room expects to keep up with the world; both in education and in the fundamentals, but also, exposure to new technology and concepts.”
The board is awaiting Governor Kasich’s decision regarding the state funding formula. Until then, the school budget is uncertain.