NO DECISION FROM NAPOLEON ON ANOTHER LEVY ATTEMPT

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.

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