Akron Public Schools continues to face a bleak financial future, said new Treasurer Wayne Bowers, with the prospect of asking voters to pass another levy to sustain operations, maintain fiscal viability and avoid a looming state takeover.
Even with a new levy, jobs are likely to be cut.
This school year, Akron’s public school system, which educates around 19,000 students across 46 schools, is projected to outspend its revenue by more than $10 million, Bowers told school board members during a recent presentation.
If nothing changes, the school district will exhaust its cash reserves by 2028. Two years later, it could have a negative cash balance of more than $159 million.
