A story appearing on page 1A Tuesday incorrectly stated the consequences if Ottawa-Glandorf schools failed to pass a proposed 1 percent income tax.
If the levy fails on May 8, the district estimates it will have minus-$879,187 in its general fund at the end of the 2019-20 school year. By the end of the 2021-22 school year, the district’s balance would be minus-$5.9 million.
If the levy passes, the district would have a general fund balance of $1.047 million in the fifth year of projections.
A community meeting is scheduled for 7 p.m. Wednesday, April 25, at Glandorf Elementary, 140 Church St., Glandorf. David Conley of Rockmill Financial will be on hand to discuss the levy.
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