Lakewood Finance Task Force. 

In our previous article we discussed the success the district has achieved in balancing its budget over the past several years. In this article, we will discuss the importance of maintaining the current operating condition of the district by renewing one of the distric...

In our previous article, we discussed that the district relies heavily on local property taxes as a result of the State’s limited contribution toward the district’s operating cost, and that the district’s financial stability depends on the renewal of two temporary oper...

In our previous article, we discussed the two major income sources the district must predict in order to develop an operating budget that keeps the district financially sound. Local property taxes and state funding combined make up almost 90% of the district’s operatin...

In our previous article, we discussed the overall financial management of the Lakewood Local School District and the qualifications of the district’s chief financial officer as well as her accomplishments since becoming the district’s financial executive. In this artic...

In our previous article, we discussed the history of voter support of our school district’s tax levies and how it is changing. In this article, we will discuss how the District approaches its budgetary management of taxpayer’s money, and the results of those approaches...

In our previous article, we discussed how our community is changing in terms of annual income. In this article, we will discuss the history of voter support of our school district’s tax levies and how it is changing. Voter support, or lack thereof, directly impacts the...

In our previous article, we discussed how our community is changing in terms of age and population. In this article, we will discuss the wealth of our residents and how it’s changing. Income patterns directly impact the quality of life of a community, and can also impa...

In our previous article, we discussed how our community is changing in terms of the tax base. In this article, we will discuss the changes in our community’s demographics. As with all communities, the make-up of the residents evolves with time. This evolution impacts h...

As a requirement of long term financial planning, the school district tracks and measures changes to the financial and demographic composition of its tax base and residents. The data derived from this process allows the district to better prepare for the needs of the d...

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