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Published: Friday, 10/21/2005

Lake school treasurer issues dire final report

Members of the Lake Local Board of Education unanimously accepted the resignation of the district s treasurer at their meeting last night after he presented them with the district s five-year forecast.

Treasurer Greg Spiess last day at the district will be Nov. 4. He was hired earlier this week as treasurer of the Hancock County Educational Service Center, where he starts Nov. 14.

Mr. Spiess told board members that the district will have a deficit of more than $1.5 million at the end of 2008 if a levy is not passed and the district stays status quo with the personnel and service cuts the board already has made.

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