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Worthington board adopts revised financial forecast; treasurer outlines 7‑column, 3‑year model and risks
Summary
Treasurer TJ Cusick presented a revised financial forecast and 10‑year outlook, citing decreased state funding, a $48 million capital transfer, and rising health‑insurance costs. The board approved appropriations changes and the forecast.
Treasurer TJ Cusick presented the district's revised financial forecast and a 10‑year projection, saying the budget now uses a seven‑column layout that includes three forecast years and four total years of data. The board voted to approve appropriations modifications and the financial forecast as presented.
Cusick told the Board of Education that the new layout was a response to state timing changes and local questions about the traditional five‑year forecast. "That, friends, is how you have a 7 column, 3 year forecast," he said, explaining the format shows the current adopted budget year plus three succeeding years of projections.
The nut graf: the treasurer said the forecast shows the district's revenue increasingly driven by local property taxes as state aid falls, and that long‑term…
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