Lake County Financing District….update…update

We sent an email to the Riverside School officials and inquired how the funds received from the Lake County Financing District were spent, and what impact will the  Perry Plant devaluation have on the schools in the district.  Here is the response we received:

A county school financing district is a group of independent local school districts that agree to pool their valuation and request a levy to support specified educational programs across the entire group of districts. The Lake County Financing District is made up of Riverside Schools, Perry Schools, Painesville Schools and Madison Schools. The tax is levied only in those four school districts and distributed among those same four districts. Funds are used for the provision of necessary personnel, materials, supplies, and transportation for instruction in language arts, social studies, mathematics, fine and practical arts, health and physical education, science and business education. The funds are divided based on the proportionate share of the student enrollment for each district. In the case of Riverside, we receive just over $2.2 million each year that is used to support approximately 33 teacher salaries in those core subject matters.
We received the attached letter from the county auditor last October stating the financing district will lose $153,761 per year due to the First Energy devaluations. Since Riverside receives 36.14% of the revenue, the effect to Riverside will be a loss of approximately $55,570 annually.
 Gary A. Platko, CPA
Riverside Local School District
585 Riverside Drive
Painesville, OH 44077
Update 1/11/18 3:00 pm
I have received an email from Mr. Zupancic, and he assured me that the tax revenue lost by Auburn and Lake County Financing District due to the Perry Plant devaluation will NOT be collected from the Lake County residents.  The confusion appears to be that the school highlighted the Auburn and the Financing district and not the Auditor’s office.
Here is my email back to Mr. Platko:

Mr. Platko,
I just received an email from Mr. Zupancic confirming that Auburn and LCFD will lose the revenue because of the Perry Plant devaluation.
The confusion stems from the form that you sent to me had Auburn and Financing District highlighted in yellow, which I now assume was highlighted by the school to designate that you get funds from those two taxing districts, and not the Auditor’s office indicating that the taxpayers will be charged for the lost revenue.
Thank you for you help.  I am sure that we will have more contact.  My concern is this:  If Lake County continues on the path of ever increasing real estate taxes, will will start pricing seniors and others living on fixed incomes out of their homes that they have worked all of their lives to achieve.  My taxing districts (8,9,10) have experienced a 41% increase in the eleven years that I have lived in the home.  This is not sustainable.
The debacle over the proposed school in Concord is not giving me confidence that the school officials are being good stewards of the taxpayers money.  I will start to follow what is happening in the Riverside school district.

Categories: Concord, Education, Lake, Lake County Cities & Townships, Real Estate Taxes, Tax Levies

19 replies

  1. 579097 762419Wohh just what I was seeking for, appreciate it for putting up. 486966

  2. 810913 679654There is noticeably a bundle to learn about this. I assume you made certain great points in functions also. 244181

  3. 353778 649950I gotta bookmark this site it seems really beneficial . 406318

  4. 259383 68101Hi there, just became aware of your weblog through Google, and discovered that it is really informative. Im gonna watch out for brussels. I will appreciate in the event you continue this in future. Lots of individuals is going to be benefited from your writing. Cheers! 113402

  5. 580916 438154My spouse and I stumbled more than here from a different internet site and thought I may as nicely check points out. I like what I see so now im following you. Look forward to going over your web page repeatedly. 899666

  6. 15650 134384Truly instructive and excellent structure of content material material , now thats user friendly (:. 599142

  7. 573169 630081Fantastic internet site you got here! Please maintain updating, I will def read much more. Itll be in my bookmarks so better update! 479658

  8. 213577 108617Youre so cool! I dont suppose Ive learn anything like this before. So nice to uncover any person with some authentic thoughts on this subject. realy thank you for starting this up. this website is something that is wanted on the internet, someone with slightly bit originality. useful job for bringing something new towards the web! 328549

  9. 736085 39076Hello there. I required to inquire some thingis this a wordpress web site as we are thinking about transferring across to WP. Moreover did you make this theme all by yourself? Cheers. 358455

  10. 726692 683608Outstanding post, I feel people should learn a whole lot from this web internet site its rattling user genial . 929262

  11. 399367 832597Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once once more discover myself spending method to significantly time both reading and commenting. But so what, it was still worth it! 829218

  12. As a result, at the end of this century.In addition, there are very beautiful and modern design for a long time.

  13. Schwarzenger and Unis. “Death components 3”

  14. Recycling and development and accumulation of 7750

  15. The best design of RM032 has exceeded the most important air.

  16. 881411 470991Aw, this was an exceptionally good post. In concept I would like to spot in writing such as this moreover – spending time and actual effort to create a excellent article but so what can I say I procrastinate alot by way of no indicates uncover a approach to go completed. 928197

  17. 528370 909944Speedily and easily build your web traffic and PR, which provides Internet web site visitors to add your page to any social bookmarking web site. 773158


  1. Lake County Financing District…”Are You Ready to Cry Uncle?” – Lobbyists for Citizens

Leave a Reply