Let's focus on just five of the things we know:
- The $10.5 million in cuts is not required.
- Bond investment is available and can be used.
- The administration and board have no intent on negotiating tighter contracts.
- Schools cannot be closed to the public, churches are safe.
- The last year(s) of all district levies have deficit spending.
- The cuts list is a threat; plain and simple.
- The fact that there is bond investment income means that the district is not selling bonds only when bond money is needed. I don't think anyone wants the district to sit on a pile of bond money -- funded by tax dollars -- so that investment income can be earned. The board will consider this option after the levy fails.
- The negative balance in FY09 is cleared by tighter negotiations. It's that simple. The district is not currently proposing this as a solution, but it will after the levy fails.
- The district can't close schools to the public. Never could. State laws will not allow it.
- Deficit spending in the out-years of a levy are normal, in fact all district levies are structured that way -- including the one on the ballot.
Saturday, March 01, 2008
Olentangy levy: The Taxpayer Summary
There's really nothing more to say about the Olentangy levy. I am reposting my executive summary -- actually taxpayer summary. I encourage you to read all my other postings so you can understand that there is no need for the March levy.