Board approves fall financial forecast; treasurer warns long-term deficits if state funding changes

Ross Local School District trustees on Wednesday approved the district’s fall financial forecast and associated permanent appropriations after a presentation from district finance staff showing modest surpluses in the near term but growing deficits in later years.

Treasurer Steve Kaciner presented the forecast, telling the board this is a legal filing: "This is a legal requirement where the board must submit an approved 3 year forecast now in August and February of each fiscal year... because this is the first year of the new law that gave us until the October to submit the first forecast, it has to be filed by October 15," he said. Kaciner summarized the district’s revenue and expense assumptions and the numbers that will be submitted to the county budget commission.

The forecast shows projected revenue of about $33.8 million and projected…