The Governor’s budget cuts tangible personal property (TPP) tax the district receives starting this year. The tangible personal property tax is monies they receive from local businesses which accounts for 70% of the district’s funding. The new budget phases out TPP tax starting this year meaning Princeton has to cut another ten million dollars from it’s budget over the next two years.
"We have to look at transportation, schools, how we operate, further staffing. We have to look even deeper at everything," says Superintendent Gary Pack. Pack says the district had an operating budget of 86 million dollars in 2006 and by 2013 will have a budget of 50 million. He says the cuts leave the district no choice but to go to the voters and ask for a levy.
http://www.plunderbund.com/2011/03/15/we-already-have-our-first-kasich-budget-inspired-tax-levy/http://www.facebook.com/pages/The-Liberal-Ohioan/195130570504421