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ISSUE 23 FACTS

Crestwood Strong

 

Since 1992, the Crestwood Schools have only received new operating money twice. The price to operate is 75% higher today than in 1992 and 12% higher in 2012, the last time the district received new revenue. We continue to receive the second-lowest tax amount among Portage County school districts and the 40th lowest out of the 43 school districts in Lake, Geauga, Portage, and Summit counties. In the fiscal year 2020, we experienced a reduction of over $370,000 in state funds. In the fiscal year 2021, we will see a decrease in state funds of over $370,000. 

 

We have implemented many cost-cutting measures in recent times to avoid asking the community for financial assistance.  

 

  • At the end of the 2014-15 school year, the Curriculum Director position was eliminated.

 

  • At the end of the 2017-18 school year, a cost reduction of $1,400,000 was made. This reduction included reducing 12 teachers, one administrator, one custodian, and two building aides. Administration and all non-bargaining unit employees took a pay freeze. Supplemental positions throughout the district were eliminated.

 

  • In 2019 the Assistant Treasurer position was not filled.  

 

  • At the end of last school year, over $700,000 was reduced or saved. Two teachers, one secretary, and one building aide were eliminated. The administration took a pay freeze.  

 

  • We now have the highest student to teacher/principal ratio in the county.

 




 

Earned Income Tax Facts


 

  • An earned income tax is fairer as it collects from all wage earners and not just property owners.

 

  • If a resident falls on hard times (i.e., losing a job or taking a pay reduction), they will NEVER pay more than 1.5%. As pay decreases, so does the contribution. This is NOT possible with property taxes. That same person would still be responsible for the payment of the same property taxes.

 

  • Unemployment compensation is not taxed. 

 

  • The earned income tax does not burden our retired residents who have no means of increasing their income. A property tax would charge these same people.

 

  • Our elementary schools will be paid off in 2022, reducing property taxes by 2.29 mills for everyone.

 

  • If the Earned Income Levy on November 3, 2020, is approved, the board intends to cease collection on the Emergency Renewal Levy, effective January 1, 2021. This would also reduce property taxes for everyone.

 

  • With the passage of the earned income tax, retirees on social security or receiving pensions would see a tax decrease on their property and not be taxed on their retirement benefits.  

 

  • Crestwood Local is committed to providing the best education possible to its students but can only operate within the resources that are available. Suppose the levy fails to pass in November. In that case, the District must consider additional budget cuts and other avenues of increasing revenue through continued classroom fees and additional pay-to-play/extracurricular fees to address the increasing deficit. However, without a significant change to the State funding formula, expenditures increasing more than revenues will continue. Therefore, the District will likely have to place another operating levy on the ballot.

 

  • The revenue generated can be used for general operating expenses and facilities, supplies, equipment upgrades, and building repairs. 





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