1. CRESTWOOD LOCAL SCHOOL DISTRICT COMMUNITY MEETING OCTOBER 15, 2012

2. WHY ARE WE ON THE BALLOT? Overall Revenue has declined approximately $1.8 Million Dollars Since FY 2011. 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

3. CRESTWOOD LOCAL SCHOOL DISTRICT FIVE YEAR FORECAST

4. CRESTWOOD LOCAL SCHOOL DISTRICT REVENUE VS. EXPENDITURES

5. 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

6. HOW HAS CRESTWOOD CUT COSTS? Overall Expenditures have declined approximately $1.5 Million Dollars Since FY 2011. – 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

7. Crestwood Staff Reductions 2003-2013

8. 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

9. 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-224.327.225-29 3-524.427.525-30 6-825.130.228-31 9-12N/A

10. CRESTWOOD LOCAL SCHOOL DISTRICT IMPACT OF LEVY DEFEAT Possible Loss of Local Control by 2014-2015 – State Receivership – Fiscal Caution – Fiscal Watch – Fiscal Emergency

11. 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 2010-2011 State Report Card. Preliminary results show Crestwood meeting all 26 standards on the 2011-2012 State Report Card.

12. 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

13. Crestwood: Which Road? Wise Spending Cuts for Efficiency FAIL: Significant Service Reductions PASS: Maintain Current Services 2012-2013 School Year 2014 We can maintain our excellent program and services… Or We can be near or at State minimums by 2014

14. QUESTIONS & ANSWERS

15. 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