|Reser’s closing will have no direct impact on city schools|
|Saturday, July 20, 2013 12:20 AM|
BY NANCY SPENCER
DELPHOS — Delphos City Schools Treasurer Brad Rostorfer is concerned Delphos will lose Reser’s Fine Foods in September but at the same time, feels fortunate it won’t impact the bottom line.
Rostorfer said since the district does not have an income tax and tangible personal property tax has been phased out, the closure should not affect the district’s bottom line.
“Real estate taxes will still be assessed for the property and someone will still own it and owe those,” he said. “I suppose it could go in to a delinquency situation but as a whole, the closure won’t have an immediate affect on the district’s budget.”
He hopes S.B. 59, Gov. Kasich’s new biennial budget, includes a little something extra to replace a portion of the tangible personal property tax and so far, Delphos is one of the districts that will receive an increase in state funding.
“Right now we are in line to receive a little more for special education and vocational education,” he added.