BY CYNTHIA YAHNA
DHI Media Correspondent
ELIDA — Elida School Treasuer Joel Parker outlined the school funding system at the annual financial summit Friday and the importance of passing the 5.90-mill levy that will be on the ballot Nov. 4.
“The Elida schools are receiving $1.6 million less than they should. For fiscal year 2014, we should be getting $1.6 million, based on student enrollment and on our tax base according to the state formula. Elida has a higher tax base and so the state’s formula assumes that we should be able to raise money easier,” Parker said.