(Posted Oct. 11, 2019)
By Kristy Zurbrick, Madison Editor
London City Schools is seeking a five-year renewal of the district’s 1 percent income tax for current operating expenses. The request appears on the Nov. 5 general election ballot.
Voters originally passed the income tax in 2005 and have renewed it twice since then. The levy’s current five-year term expires at the end of 2020. If voters renew it again, the new term will go into effect Jan. 1, 2021.
The levy generates approximately $3.7 million per year and represents approximately 17.4 percent of the district’s budget.
About the renewal request, London City Schools Superintendent Dr. Lou Kramer said, “It doesn’t involve any increase in taxes. It’s just an extension of the current tax.”
Part way through last school year, the district started to spend more money than it was taking in. Kramer said the reasons were mainly inflation and the fact that the district has not passed a levy for new operating money since 2008.
Rather than go to the ballot this year with a request for additional funds, district leaders found ways to reduce expenses and increase revenues. They cut some staff positions, revamped the district’s facility rental process, and launched a before- and after-school program, among other measures, resulting in $772,000 in annual savings.
“Because of the fiscal stewardship efforts this past year, the district should be on stable financial ground for the next few years, if the renewal levy is passed,” Kramer said.