CENTERBURG — Treasurer Ellen Scott told the Centerburg school board on Monday the district’s financial situation at this time is “stable” despite a $300,000 decrease in state foundation money and the elimination of monies previously received from the commercial activities tax.
She said the CAT, previously known as tangible personal property or inventory tax, is being phased out and schools are no longer being reimbursed by the state as promised. Bus reimbursement and funding for gifted programs have been reduced to zero.
“It is one of the many ways the State of Ohio balanced the state’s budget on the backs of the locals,” she said. She added that funds generated by the permanent improvement levy are very helpful in that they are used to purchase items, such as buses, which otherwise have to be paid for with general fund money.
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