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Treasurer reports fiscal strain; board accepts resignation and appoints interim treasurer, approves AEA agreement
Summary
Treasurer Dr. Thompson presented a financial update including impacts of House Bill 96 and a $17 million deficit‑spending figure; the board accepted Thompson's resignation, appointed Wayne Bowers interim treasurer, and approved the Akron Education Association negotiation contract after executive session.
Akron Public Schools Treasurer Dr. Thompson opened the board’s July 28 meeting with a sweeping fiscal update that referenced proposed and enacted changes in House Bill 96, adjustments to forecasting timelines and operational requirements, and the district’s current budget position. He told the board the district had spent $17 million more than it brought in and noted a shortfall compared with its five‑year forecast.
Thompson summarized several policy and statutory developments referenced in state House Bill 96, including new transportation and diagnostic assessment rules, a state requirement to adopt AI policy by July 2026, changes to advanced‑math placement rules,…
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