Dear Community Members, Parents, Guardians, and Crestwood Staff Members,
At the board meeting on Tuesday, September 12, during an open discussion, the possibility of re-configuring the school district by moving sixth grade students to the elementary campus and relocating seventh and eighth grade students to the current high school was discussed. The Board of Education has directed me to look at this option. This option is being discussed by the Board of Education for financial reasons as well as enrollment decline in the district.
Financially, the State Legislature has reduced our revenue over the next two years by a total of $543,000. This was passed by the legislature on June 30, 2017. Second, the Crestwood Local School District is on what is called a state guaranteed funding model. Out of the over 600 school districts in the State of Ohio, the Crestwood Local School District is in the top one percent of districts receiving state guaranteed funds. We receive roughly 4.5 million dollars in guaranteed state funds. These funds can be reduced at any time the State Legislature revises its budget. This occurs every two years. Historically, these funds have been reduced or are in jeopardy to be reduced. The school district’s five year financial forecast in October will detail that the cash balance for the school district will be in deficit in the year 2021. If there are any more reductions to our state guaranteed money, this will exacerbate that deficit.