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Treasurer: Perrysburg faces lower tax receipts, 57 position reductions and program impacts ahead of levy
Summary
District treasurer Randy Drewer reported lower tax collections and other fiscal strains Aug. 18; the board discussed the operational effects of 57 eliminated positions and the potential for further cuts if a November levy fails.
Perrysburg Exempted Village School District Treasurer Randy Drewer told the Board of Education on Aug. 18 that the district’s financial position reflects the impact of a rejected levy and ongoing cost pressures, including a drop in property-tax receipts and planned staff reductions.
Drewer reported a cash balance near the $30,000,000 mark and said the district’s “true cash days” — a measure that subtracts encumbered purchase orders from cash — stands at about 116 days, down from 122 at the same point last year. He told the board that revenue for the month was down roughly 20% year over year while expenses rose approximately 3.3%.
Drewer said the county tax settlement showed about $6,000,000 less in collections than the prior year and that some anticipated revenue tied to levies will be missing. He also reported the district’s first income-tax payment was…
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