Shocking Revelation:
NOT ONE DOLLAR WAS SPENT
NOT ONE DOLLAR WAS SPENT
Public records obtained from the County Fiscal Officer show the Schools have not spent one dollar of the 2019 levy on our children, instead banking the entire $42.1 million.
Source: Email with Bryan Dunn, Cuyahoga County Fiscal Office
Source: December 2019 Financial Status Report
https://www.strongnet.org/fs/resource-manager/view/d58bdbce-5dae-46d1-b95f-9d198f1cc2e6
The Cash Balance on December 31, 2023 was $71,384,089 (This includes The $46M in the 001 Fund and the $25M that was moved into the 070 Fund in Spring of 2023)
This amount is regularly referenced as the current cash a balance but does not include the $25M moved to the 070 account in Spring of 2023. The complete cash balance is shown below.
Source: December 2023 Financial Status Report, Page 7 https://www.strongnet.org/fs/resource-manager/view/4970cd07-d867-4316-adb7-2b49bffad9a6
December 2023 Financial Status Report, Page 12 https://www.strongnet.org/fs/resource-manager/view/4970cd07-d867-4316-adb7-2b49bffad9a6
During the first 4 years of tax collection, the cash balance increased by $39,260,580 and the levy brought in $37,304,000 of that amount.
Every dollar from the levy was used to increase the cash balance and not on our children
Every dollar from the levy was used to increase the cash balance and not on our children
