For the first time in five years, Sylvania Schools ended fiscal year 2017 with a budget surplus thanks to community support of a new levy passed in November 2016. Conserving financial resources is critical to effectively navigating the ebb and flow of school finance. In response, the District has engaged in the development of spending plans that identify efficiency driven cost savings. Additional levy funds coupled with strategic financial planning will provide lasting benefits aimed at the preservation of Sylvania Schools’ educational foundation.
Public education is not without financial challenges. The uncertainty of state funding is an ongoing challenge evidenced by the two year budget that went into effect on July 1, 2017. Under this budget, Sylvania Schools will lose approximately $3 million dollars through reductions to transportation and core funding. Despite the added pressure on the District’s financial resources, it remains committed to exceeding the needs of students.
Schools is dedicated to being responsible fiscal stewards of taxpayer money.
Focused planning and the prioritization of initiatives facilitate this
objective. The District values its ongoing partnership with the community in
the coming year.