Woodridge board thanks voters
At the Nov. 20 meeting, the Woodridge Local Schools Board of Education members were thankful for the Nov. 6 passage of Issue No. 71, the district’s emergency operating levy.
Board President Tammy Heffernan thanked the voters for their support.
The board then approved a revised five-year financial forecast, prepared by Treasurer Deanna Levenger, that reflects the new revenue. School districts are required to submit the forecasts to the Ohio Department of Education.
In addition to the levy revenue, Levenger said the new forecast reflects a decrease in the September 2012 real estate tax collection due to a large number of delinquent property taxes, and a revenue decrease due to a one-time adjustment for a large tax-increment financing (TIF) abatement approval in spring 2012, which is retroactive to 2006.
The city of Akron offers tax abatements to businesses to get them to locate in the area, but the TIF abatements require time for state approval.
Summit County collected taxes from the local businesses in question and paid the appropriate amount of revenue to the school district, but Woodridge did not know of the abatements’ existence, Levenger said. Now that they have been approved, the district needs to pay that money back.
The five-year forecast projects a nearly $193,000 TIF settlement for the first half of 2013 that the district needs to pay back, Levenger said. This is money received from the Summit County Fiscal Office. More TIF abatements are pending, she added.
The board also approved numerous routine resolutions, such as hiring substitute bus drivers and food-service workers, and also accepted a $150,000 donation from the Woodridge Foundation, which it received through a grant from the Cuyahoga Falls General Hospital Fund of the Summa Foundation. The money will be used to renovate a Woodridge High School science lab for its Biomedical Engineering and Technology Academy.
The board’s next regular meeting is scheduled for Dec. 18 at 6 p.m. at the Woodridge High School Library, 4440 Quick Road. The board scheduled a special meeting for Dec. 6 at 7:15 p.m. at the Administration Building, 4411 Quick Road.
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