Shaky financial future predicted for Sto-Rox schools

Share with others:

Print Email Read Later

The district could slide into financially distressed status by 2015 if revenue from the state remains stagnant, school Director Ed Maritz Jr. said in a presentation at Thursday's board meeting.

Mr. Maritz gave a "state of the district" presentation at the session, at which the board also voted on the 2013-14 budget.

That budget eliminates 11 positions -- three by attrition -- and the spring sports program.

"This district does not have a spending problem. We have a revenue problem," he said. He indicated that the district's long-term fiscal viability is in significant danger.

Mr. Maritz dispelled rumors of drastic action in the upcoming year; the district won't close, merge with others or allow a charter school system to take over its management in 2013-14.

The school board requested Mr. Maritz make the presentation, in which he pointed to inadequate state funding for public education and a lack of statewide charter school funding reform as reasons for an uncertain future.

Sto-Rox was previously under state control from May 1992 through February 1999.

If revenue does not increase, his financial forecast shows the district with a negative fund balance of $735,971 by June 30, 2015, and $3.213 million by the end of the following school year.

"If that holds true, there won't be a district anymore," he said. "... If we fail and fold, what are we going to do with these children?"

The negative fund balance prediction for 2015-16 is very similar to what the district will pay out to send 311 students to 19 charter schools, Mr. Maritz said.

Sto-Rox has $3.257 million budgeted for charter school expenses next year.

His presentation also discussed how funding cuts impact all Pennsylvania students and how lower-income areas receive less funding by percentage than more affluent districts.

Mr. Maritz's presentation, "What's Really Going On at Sto-Rox?" can be viewed at

He urged those in attendance to contact state lawmakers with their concerns over funding.Names and contact information are included in the presentation.

education - neigh_west

Sonja Reis, freelance writer:

Create a free PG account.
Already have an account?

You have 2 remaining free articles this month

Try unlimited digital access

If you are an existing subscriber,
link your account for free access. Start here

You’ve reached the limit of free articles this month.

To continue unlimited reading

If you are an existing subscriber,
link your account for free access. Start here