Sylvania Schools predict $3 million deficit, may need to levy - Toledo News Now, Breaking News, Weather, Sports, Toledo

Sylvania Schools predict $3 million deficit, may need to levy

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Northview High School in Sylvania Northview High School in Sylvania
SYLVANIA, OH (Toledo News Now) -

Sylvania School officials say another levy may be needed to help the district stay above water. Just like schools across the country, they are facing declining property values and decreases in state funding.

Superintendent Brad Rieger says they've been frugal with their money for the past few year, but are now preparing for a predicted deficit of $3 million by 2015.

"Our community has been tremendously supportive of our school district," Rieger said.

The district already cut 120 jobs in recent years, and got a 4.9 mill levy approved in 2011, but now they are preparing the community for the possibility of asking for more.

"In July of 2015, we're predicting or forecasting about a $3 million deficit, and obviously there's some other factors that we'll weigh into that, the state budget being one," Rieger said. "But we need to take some preliminary steps in getting ready for being on the ballot again."

Jim Loss, owner of Loss Realty Group in Sylvania, isn't surprised the district is considering another levy. After dropping significantly in recent years, Loss says the good news is property values are going back up.

"The market has turned, and we're on to a positive cycle now," Loss said. "So, that will all be good for the economy, and the market, but again the municipalities and the schools, they're going to have to figure out a way to come back to the voters to get more income, because the property taxes won't be reevaluated for another three years."

After Gov. John Kasich's budget is finalized, Sylvania Schools will have a clearer picture in July of if and when they will put a levy on the ballot.

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