Board hears five‑year forecast, models levy options to avoid fiscal emergency
At a Sept. board meeting, Dr. Thompson presented five‑year forecasts showing potential deficits of $9 million (2030) and $24 million (2031) under current assumptions and modeled several levy options — including earned income taxes, traditional income taxes and property millage — to avoid state receivership.
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The Riverside Local Board of Education heard a detailed five‑year financial forecast and multiple levy scenarios at its Sept. meeting as officials prepare for a possible November ballot and a contingency May levy.
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