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Anthony Wayne board approves financial forecast and appropriation resolution after nexus settlement boosts revenue
Summary
The board approved the district’s updated financial forecast and appropriation resolution, citing a $2.3 million nexus back‑payment and an anticipated $3.1 million annual pipeline payment while noting continuing uncertainty from a contested TIF and high contracted special‑education costs.
The Anthony Wayne Local School District Board of Education voted to approve the August financial reports, the district’s financial forecast and the appropriation resolution as presented, Treasurer Carrie Johnson said at Tuesday’s meeting.
Treasurer Carrie Johnson told trustees the district received a $2.3 million back payment from a nexus settlement and that the value of a pipeline property has been set to generate about $3.1 million annually. She said the changes contributed to a stronger projected cash position: "we expect to have a cash balance on 06/30/2026 of $5,700,000," Johnson said during her presentation.
Johnson also described procedural changes to the forecasting process. A recent state budget change replaced the former five‑year forecast with a new financial forecast that contains three years of history and three years of projection; the forecast will now be due to the state by Aug. 31…
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