The most recent Five-Year Forecast of Bexley Schools (dated May 2017) shows that the district is in excellent financial shape with 2019 the earliest date recommended for consideration of an operating levy. The May 2017 forecast also indicates that the district has higher income tax revenues than previously shown following a record year of collections. 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.
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.
Reports for review
- Financial Summary from the Annual Report to the Community 2015 - 2016
- Bexley City School District Tax Rates - Calendar Year 2016
- State Report Card District Financials Feb 2016
5705.391 O.R.C. as enacted by Sub. H.B. 412
For the Fiscal Years Ending June 30, 2011 through 2018
Bexley City School District
348 South Cassingham Road
Bexley, Ohio 43209