Treasurer warns legislative tax changes could cut Brunswick’s reserves up to $12.8M; board adopts forecast and appropriations

Brunswick City Schools’ treasurer presented an updated financial forecast Sept. 16 and told the board that while the district’s current projections show it can sustain operations under present assumptions, several pending state legislative changes could sharply reduce district revenues.

Why it matters: About 60% of the district’s revenue is local tax receipts and roughly 40% is state aid, the treasurer said. Proposed or overturned line‑item vetoes and budget provisions — including restrictions on renewal (fixed‑sum) levies and a possible cap on allowable year‑end carryover — could reduce the district’s reserves or change how local taxes are calculated.

Treasurer Mark Rivera told the board he could not finalize long‑term projections until certified county tax valuations are available, which the county told the district would arrive in mid to late December. Rivera said the forecast published with the meeting uses current assumptions and that a revised forecast will be presented later this year once those valuations and additional legislative clarity are available.

“Quite frankly, we don't have all the information, in some regards to projecting out even as short as looking out into our current school year. And I know that's disappointing, but that's the truth,” Rivera said during the presentation.

Legislative risks highlighted Rivera reviewed several pending or vetoed budget provisions that he said would affect many Ohio…