Over the last five years Springboro Schools’ revenue has increased 16% from $43.4 million to $50.2 million per year. Over the same period enrollment has increased only 3.5%. Or, put another way, in 2012 Springboro Schools received $7,467 per student; the amount in 2017 was $8,368 per student. You might expect that this surge in revenue would lead to better test scores, or if well managed, a nice cash reserve. Unfortunately, neither has occurred.
The adjacent graph shows school spending has exceeded this enormous revenue growth. Worse, Springboro’s budget forecast reflects plans to accelerate spending once again to well above inflation, student growth rates, and expected funding.
Springboro Schools has not made a serious effort to control their spending. Even though revenue growth has surpassed projections, spending continues to outpace enrollment, inflation, and revenues combined.
If citizens pass the November 2017 levy, the incentive to curtail expenses is lost, spending will proceed as planned, and because the substitute levy is a continuing levy the new tax will be permanent.
IF YOU SEND IT, THEY WILL SPEND IT.
CURB SPENDING FIRST.