Tallmadge Schools Looking At Deficit

TALLMADGE: The city school district is spending more money than it’s taking in, the Tallmadge Express reports.School Treasurer Jeff Hostetler estimated in the latest five-year forecast that the district will be out of money in the 2020 fiscal year.“Our expenditures have exceeded our revenue and once that happens it’s only a matter of time — unless you get an influx of new state revenue — until the inevitable comes and a potential levy would be needed,” he told the newspaper.Read the full Express report here.