Levy 2023 Facts, Finances, and FAQs
Proposed Levy
With the failure of the levy renewal in 2022, the Board of Education has chosen to ask the voters in May 2023 for a new 5-year School District Income Tax (SDIT) levy.
- Proposed 3/4% (.75%) School District Income Tax to support current expenses and ongoing permanent improvements. The levy would be for 5 years.
- Levy is estimated to generate approximately $5.4 million annually
- Levy revenue would be approximately 18% of the General Operating Fund revenue
- The District has utilized SDIT since 2002 as a way to keep our property taxes below the state average. WCS collects $2000 less per student from property tax compared to the state average. (Source District Profile FY22).
- Without a new levy, the District faces an average deficit of more than $4.5 million annually.
Operating Funds Provide...
- Student Programs & Services
- Extracurriculars (Athletics, Marching Band, FFA, etc)
- Transportation, Fuel, Utilities
- Building Maintenance and Improvements
- Security and Safety Updates
- Technology, Communications
- Staffing: Teachers, Counselors, Speech Pathologists, Psychologists, Intervention Specialists, Aides, Bus Drivers, Custodians, Cafeteria Workers, Secretaries, Coaches, and other staff to support District operations.
Financial Forecasts
Public schools are required to submit 5 year forecasts twice a year. A financial forecast is an informed estimate of potential revenue and expenses based on historical data and financial trends. As with any forecast, there are many variables that can cause fluctuations in the budget such as increased fuel expenses, unexpected facility repairs, and increasing costs for health insurance.
Revenue Forecast 2024-25 (FY25)
| Revenue Source | Amount Forecasted |
|
| State and Other Funding: | $ 12,890,400 | |
| Local Funding - Real Estate: | $ 12,429,540 | |
| Total Forecasted Revenue: | $ 25,319,940 |
Expenditure Forecast 2024-25 (FY25)
| Expense Category | Amount Forecasted |
|
| Employee Insurance/Retirement: | $ 6,878,618 | |
| Employee Salaries: | $ 17,696,731 | |
| Purchased Services*: | $ 3,115,500 | |
| Supplies/Materials: | $ 954,750 | |
| Capital Outlay: | $ 783,900 | |
| Miscellaneous: | $ 515,160 | |
| Total Forecasted Expenses FY25: | $ 29,944,659 |
Forecasted Deficit for FY25: $4,624,719
Forecasted Deficit for FY26: $4,833,436
Forecasted Deficit for FY27: $5,047,647
View reports.education.ohio.gov/report/finance-forecast-submissions for forecasted revenue and expense summaries through Fiscal Year 2027. Select “Wilmington City”, select “FY2023”, select “First Required Submission (Fall)”.
*Purchased Services include but are not limited to utilities, fuel, repairs, consulting services (copier, legal, professional), fees (real estate, auditor), training and software, etc.
Frequently Asked Questions
If you have questions about District finances or the 2023 Levy and you don't find the answers below, please contact the Treasurer's office at (937)382-1641.
