Medina City Schools Treasurer David Chambers explained to the board how income investments work for the school district.MEDINA, Ohio – Following the passage of the 7.5 mill levy last fall, officials within Medina City Schools have vowed to closely watch the district’s budget by reducing expenditures and looking for alternative sources of income.
“When we talk about state funding, we are always looking at a changing number,” Chambers said during a recent board of education meeting. “When valuations go out to the state, the state will reevaluate the amount it contributes.” Superintendent Aaron Sable said that Chambers has been very diligent when it comes to obtaining investment income for the school district.
“That $1.6 million was able to offset almost a mill of levy revenue that we would have had to otherwise ask for,” Chambers said.