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Wednesday, April 15, 2009

NCS revenue up $17.5 million from ’99 to ’08

My post entitled “Learn how much you’ll pay if the levy passes” had a misleading comment that speaks to an on-going misconception about school funding in general.

That comment said NCS hasn’t had an increase in something like 12 years, (referring to property tax millage). Voter approval of levies aside, the fact is that total revenue for NCS has risen from $52.8 million in 1999 to $70.3 million in 2008.

Total levy collection has gone from $21.75 million in 1998/1999 to $23.36 million 2006/2007 (latest figures from the NCS FY08 Financial Report)

Meanwhile student population has dropped from 7,433 in 1999 to 6,468 in 2008.

All this from the most recent (FY08) NCS Financial Report.

People who want to get into the fine details of NCS funding can read and download in pdf format three tedious documents from the Newark Tea Party web site.

One is NCS FY 08 Financial Report from this link:
http://www.newarkteaparty.com/pdf/ncsfinancialsfy08.pdf


The second is the NCS FY08 Budget from this link:

http://www.newarkteaparty.com/pdf/ncsbudgetfy08.pdf


And the third is Property Tax and School Funding by the Ohio Department of Taxation from this link:

http://www.newarkteaparty.com/pdf/ohioschoolfunding.pdf

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