CRESTWOOD LOCAL SCHOOL DISTRICT COMMUNITY MEETING OCTOBER 15, 2012

WHY ARE WE ON THE BALLOT? Overall Revenue has declined approximately $1.8 Million Dollars Since FY This decline can be attributed to: – Non Renewal of Federal Stimulus Money – Non Renewal of Education Jobs Funding – Loss of State Tangible Personal Property Reimbursement – Enrollment Declines

CRESTWOOD LOCAL SCHOOL DISTRICT FIVE YEAR FORECAST

CRESTWOOD LOCAL SCHOOL DISTRICT REVENUE VS. EXPENDITURES

ADDITIONAL COSTS TO TAXPAYERS ISSUE 37 – 4.7 Mills, 4 Year Emergency Operating Levy Property Value Annual TaxesMonthly Taxes $100,000$148.05$12.34 $150,000$222.08$18.51 $250,000$370.13$30.84

HOW HAS CRESTWOOD CUT COSTS? Overall Expenditures have declined approximately $1.5 Million Dollars Since FY – Staff pay freezes – Reduction of $1.0 million of personnel costs since last year » 5.5 Teachers not replaced » 1 administrator not replaced » 2.75 classified positions not replaced – Building budget reductions

Crestwood Staff Reductions

CRESTWOOD LOCAL SCHOOL DISTRICT IMPACT OF LEVY DEFEAT REDUCTIONS Area Very Likely to Reduce ($75,000 - $110,000) Field Trips and class trip Curriculum administration & curriculum support contracts Crestwood Comments & communications contracting Necessary at some level ($500,000 - $950,000) 8-15 teaching positions 1-4 classified positions (via retirement and layoff) Consider but Less likely ($0 - $80,000) Pay to Participate fees Reinstate tuition for all day Kindergarten Avoid Cutting ($0) Transportation

CRESTWOOD LOCAL SCHOOL DISTRICT IMPACT OF LEVY DEFEAT Potential Class Size Increases Gr.S/T Ratio FY 2013 S/T Ratio FY 2014 Range K N/A

CRESTWOOD LOCAL SCHOOL DISTRICT IMPACT OF LEVY DEFEAT Possible Loss of Local Control by – State Receivership – Fiscal Caution – Fiscal Watch – Fiscal Emergency

IF THE LEVY PASSES: Current Services Will Be Maintained that have helped students achieve academically near the top of Portage County.* Class Sizes Electives Activities *Crestwood is one of only two schools in Portage County to meet all 26 standards on the State Report Card. Preliminary results show Crestwood meeting all 26 standards on the State Report Card.

CRESTWOOD LOCAL SCHOOL DISTRICT Looking Into the Future: Overcoming Deficits FY 2014FY 2015FY 2016FY 2017 Cash Balance/Deficit(1,024,690)(3,430,641)(6,678,510)(10,895,003) Potential Cuts FY 141,100,000 Potential Cuts FY 152,255,331 Potential Cuts FY 163,323,179 Potential Cuts FY 174,216,493 Total Cuts By Fiscal Year 1,100,0002,255,3313,323,1794,216,493

Crestwood: Which Road? Wise Spending Cuts for Efficiency FAIL: Significant Service Reductions PASS: Maintain Current Services School Year 2014 We can maintain our excellent program and services… Or We can be near or at State minimums by 2014

QUESTIONS & ANSWERS

GROUND RULES QUESTIONS – – Please state your entire question up-front – We will call on other participants before we return to those who have already asked a question. – We cannot respond to questions about specific employees in a public session