Deficit Spending Leads to Levy Discussion

Five-Year Forecast for APS
Posted on 10/10/2019
Image of School Bus(Jennifer Pignolet Ohio.com/Akron Beacon Journal)

It’s time to talk about a levy, Akron Public Schools leaders said Monday night, as the district expects to see a deficit sooner than planned.

APS expects to be in the red by $1.8 million by the end of this school year, according to the five-year forecast Treasurer Ryan Pendleton presented to the board. But next year, that number grows to $11 million, and in five years, it would be $39 million.

“That’s a pretty substantial deficit that we don’t want to cut our way out of,” Pendleton said. “So that planning and discussion needs to start now.”

A request to voters for new operating money could be in the form of a property tax or an income tax, he said. A timeline has not been established. Read more here >>.
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