During a recent meeting, officials from Bowling Green City Schools addressed the community's pressing financial situation, highlighting the need for increased funding after 14 years without new operating dollars. The discussion centered on the implications of a proposed 0.75% income tax and its potential impact on senior citizens, who would benefit from a $50 school district income tax credit.

The district's financial report revealed that while revenues have increased by an average of 1.75% annually over the past decade, expenditures have risen at a higher rate of 2.42%. This discrepancy has resulted in deficit spending for the past two years, raising concerns about the sustainability of the district's financial health. The administration emphasized that state funding has decreased by approximately $327,000 compared to a decade ago, exacerbating the financial challenges faced by the district.

Inflation has also played a significant role, with costs rising cumulatively by 32.35% over the last ten years. The district's budget for the 2023-2024 fiscal year is nearly $39 million, serving approximately 27,100 students across multiple facilities. The meeting underscored the need for community support to address these financial challenges, with officials urging residents to educate themselves on the upcoming ballot measures.

As the district navigates these fiscal hurdles, officials reiterated their commitment to transparency and community engagement, encouraging residents to participate in discussions and stay informed ahead of the November 5th vote.