The New Philadelphia City School District Board convened on November 25, 2024, to discuss critical financial forecasts and the implications of potential funding changes. The meeting focused on the district's five-year financial forecast, highlighting significant uncertainties regarding state funding and property tax revenues.

During the meeting, board members reviewed the impact of an emergency levy renewal, which is expected to generate funds in two phases: half in the first year and the full amount in the subsequent year. The discussion emphasized the complexities of the funding formula, which is closely tied to property taxes. Board members expressed concerns that any changes to the funding structure could disrupt the financial stability of the district.

A key point of discussion was the anticipated decrease in funding from the Disadvantaged Pupil Impact Aid (DPIA), which is projected to drop significantly from $1.7 million in 2025 to approximately $300,000 by 2026. This decline raises concerns about the district's financial health, with forecasts indicating a potential deficit of $6.4 million by the end of 2029.

The board also addressed the implications of passing a bond for facility improvements. It was clarified that while a bond would not directly affect the general fund, it could lead to long-term savings in operational costs, such as reduced transportation and administrative expenses. However, board members acknowledged that utility costs would likely increase due to enhanced facilities.

In conclusion, the meeting underscored the financial challenges facing the New Philadelphia City School District, particularly regarding state funding and the need for strategic planning to navigate potential deficits in the coming years. The board will continue to monitor these developments closely as they prepare for future budgetary decisions.