Ada board to take up tax issue in July

ADA — As has been expected for several months, the Ada Schools will end the 2012 fiscal year having spent about $219,000 more than it received in revenue.
And if Treasurer Christy Beaschler’s forecasts are any indication, the district will be facing the same situation in the upcoming school year.
With those figures in mind, the district is looking at ways to get out of the financial crunch – including the possibility of putting an operating levy on the ballot as soon as November.
However, any levy discussion will have to wait until July, as with the absence of board members Ron Fleming and Thomas Dearth from the regular meeting on Wednesday, board president Michael Elliott was hesitant to do much in the way of discussing a possible operating levy.
It was noted, however, that if the board is going to ask for additional operating money in the next general election, it will have to decide how much money and what kind of levy it will be at the July meeting to meet August filing deadlines.
The board approved temporary appropriations for the 2012-13 school year in the amount of $9.96 million.
Beaschler noted this figure is about $300,000 more than the revenue she is expecting the district to receive in the upcoming school year.
Beaschler also noted the $219,000 amount in the red that the district will be when the fiscal year ends on Saturday, is around the same amount she has predicted for the past few months.

By KENDRICK JESIONOWSKI
Times sports editor

Share This Post

Tweet

Posted by Kenton Times on June 28, 2012. Filed under Local News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry