- Not much to report today; which is probably fine. The hour-long panel discussion of Lorain’s journey into (and hopefully out of) Academic Distress recorded last week finally aired yesterday on Cleveland public radio’s Sound of Ideas program. Worth a listen. (WCPN-FM, Cleveland, 10/5/17) Meanwhile, Lorain CEO David Hardy is hiring a firm to perform a review of the district’s expenditures – the “culture of our spending,” as he puts it. (Elyria Chronicle, 10/6/17)
- Speaking of money, officials at ECOT said mere hours ago that the school’s cash balance will go from plus $17 million to negative $302,000 as early as January and that the school would be forced to close its doors unless the state Supreme Court halts the clawback of funds currently underway due to the results of the school’s attendance audits for the past couple of years. (Columbus Dispatch, 10/6/17)
- And since we’ve invested so much in the topic today, let’s conclude by talking about money. Outside of episodes of The Simpsons, interest in nuclear power is waning. As a result, one nuclear plant in Northwest Ohio has been downgraded in value by the Ohio Department of Taxation. The school district in which it is located, stands to lose $4.6 million in property tax revenue annually if the devaluation sticks. I doubt that Superintendent Chalmers finds this an “excellent” development. It is not clear from this brief piece what, if any, recourse the district has in this regard. (Willoughby News-Herald, 10/5/17)
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