Taxes and Finance

Quaker Valley has a large amount of debt for a school its size—approximately $67m.  It has large unfunded pension fund liability of approximately $70m.  Attached shows the historical rise in millage—tax increases every year for the last nine.  There is debt information in the audits, budgets and recent bond offerings that are attached.  We show a comparison of debt service per student between QV and other schools in the area.  Finally, we have attached for your review recent budgets and the current planned budget. We believe that under the current economic circumstances that the School Board should carefully reconsider any planned tax increase and its overall expenditure level.