Thursday, July 22, 1999
State aid, larger tax base may help Fairfield schools avoid levy
BY SUE KIESEWETTER
Enquirer Contributor
FAIRFIELD — A boost in state aid and an increasing tax base should help the school district avoid a levy vote this fall, school officials say.
Finance projections outlined at the board's finance committee Wednesday show the district will have an ending balance of $4.7 million in June 2000, and $3.8 million the following year, but only $149,848 on June 30, 2002.
“It would be nice to have (a levy), but we don't need it,” board member Anne Crone said.
Mrs. Crone and board president Maurice Godsey said they will ask the full board of education at today's 7 p.m. meeting to postpone a levy until sometime next year.
“I've always had a problem with the public sector having balances sitting there,” Mr. Godsey said. “We're OK the next two years. If we can, my preference is to do nothing.”
Provided no programs are added beyond those the board approved earlier this year, the district won't be in the red until the 2002-2003 school year, when it will face a $6.3 million deficit, treasurer Stephen Maag said.
If the district were to put a 4.9-mill levy on the ballot, as had been under consideration, the district's ending balance in June, 2000 would be $6.9 million but would jump to almost $11 million the following year.
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