Bellevue schools watch their spending, expecting to stay in the black through FY2013
Treasurer Nancy Beier said a healthy carryover keeps the district solvent for now, but flat property values and state aid cloud the years after.
Bellevue City Schools should stay in the black through fiscal 2013, but the years after look harder, administrators told about 20 residents at a coffee hour Monday in the Redmen Field House.
Treasurer Nancy Beier said the district reviews spending every month and is relying on a healthy carryover balance. She broke down where the money comes from: about 47 percent from the state, 33 percent from local real estate taxes, 7 percent from the district income tax approved in 2001, and the rest from other sources.
Farm property values, and the taxes on them, are rising, Beier said, but other real estate in the district is not, so property tax revenue is essentially flat. The income tax, projected at $1.2 million a year when voters passed it, has stayed close to that. And although state officials say they have increased school funding, Beier said the district’s actual state aid has not kept pace with costs.
Superintendent Kim Schubert hosted the session. District finances are posted by the Ohio Auditor of State. Read how to read your property tax bill and the new BSHS principal. More in Schools & Sports.