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No decision has yet been made by the Napoleon Area Board Of Education about placing another operating levy on the November ballot.
Last week, district voters rejected a 0.5 percent school income tax that would have generated $1.15 million annually for operations. It was the third time in 14 months voters rejected ballot requests for new operating funds.
A five-year forecast which was approved at Monday’s Board meeting projects a June 30 cash balance of just under $8.6 million, down from $9.35 million on the same date last year. Future, but decreasing balances, are projected through June 30, 2016, and a negative balance of $275,557 is projected for June 30, 2017.