The most recent Five-Year Forecast of Bexley Schools (dated May 2018) shows that the district is in excellent financial shape with 2019 the earliest date recommended for consideration of an operating levy. State funding and income tax collections continue to be the biggest unknown in regards to revenues.
In fall 2016, Bexley voters approved establishing a Permanent Improvement (PI) Fund levy that will add no new taxes. PI Fund revenue is restricted to paying for capital improvement projects, major equipment, and building facilities, but not salaries, benefits, materials, supplies, or purchased services. Advantages of a PI fund include allowing the district to plan better and help it maintain the district’s historic old buildings.
Financial Management Recognized
The school district received Ohio’s Auditor of State Award in 2017 for “clean and accurate record keeping.” It continues to maintain the highest possible rating from Moody’s Investor Service.
Bexley enjoys stable real estate tax revenues, with home values continuing to rise. The district spends 72 percent on instruction, higher than many comparable districts; conservative fiscal management means that its current levy, passed in 2010, is lasting longer than the three years projected.