From the Willoughby-Eastlake website we found their 5 year financial forecast…
http://fyf.oecn.k12.oh.us/genForecast.asp?IRN=45104&Format=HTML
Here are some interesting numbers from the report:
Category 2016 2023 Inc. / Dec
Revenues $97.3 Million $80.1Million -$17.2 Million -(17.6%)
Personnel Expenses $49.0 Million $67.2 Million +$18.2 Million (37.1%)
Retirement & Benefits $15.9 Million $21.3 Million +$ 5.4 Million (34.0%)
Total All Other Exp. $32.0 Million $29.0 Million -$ 3.0 Million -(9.3%)
(includes Debt pymts)
Total Expenditures $96.9 Million $117.5Million +$20.6Million (21.3%)
We reached out to one of our lobbyists that was a former Lake County School board member, and asked for an opinion on the W-E five year forecast. Here is the opinion given:
1. The property tax revenues greatly decrease in 2022 and 2023. My guess is that they passed a renewal levy (not a permanent levy) and the time period (usually 5 or 10 years ) is now up. They are looking for a new levy to replace that.
2. Payroll increases over 4% each year. I am sure they are telling the voters that increases are 2% or less but no one knows about the step increases that are included in these costs.
3. Purchased services account for over $19M each year. Not sure what that is but it is a very large expense that needs to be detailed.
4. Expenses are consistently increasing in the 4% range. Why are they not looking at controlling costs before they ask for more taxes? Become more efficient before asking me for more $$$. The easy way is to just keep spending and put on a new levy.
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If you need more detailed statistics, here is the detailed FY 2018 Cupp Report for Wiloughby-Eastlake School District:
Categories: Education, Lake, Real Estate Taxes, Uncategorized
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Yes, John we agree that seniors are in trouble….that is why we are fighting so hard to protect them.
Yes the schools think we citizens are a bottomless pit. Let the teachers and superintendents take a big pay cut when the district needs more money. If they are willing to do that and post how exactly our money is being spent in black and white audit trail not just the blowhard wind they individually assault us with.
Facts as they are proven and not warm wind and their version that may or may not be factual. The districts are not totally forthcoming and tell you only what they want you to know and usually to late to investigate before being voted on. Seniors on S.S. Only and those in poverty usually have an income of13 thousand a yr more or less and Cannot afford these crazy levy’s.