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Marion board approves fiscal forecast showing roughly $4.3 million deficit; trustees and staff weigh levy and spending options
Summary
The Marion City Schools Board of Education on Oct. 20 approved a multi‑year fiscal forecast projecting a roughly $4.3 million deficit in fiscal 2026, prompting discussion about property tax reform, lost federal ESSER funds and potential revenue measures including a future levy.
The Marion City Schools Board of Education voted Oct. 20 to approve the district’s fiscal forecast, which projects a roughly $4.3 million deficit for fiscal year 2026 and shows the district drawing down reserves if revenue and expense trends continue.
Treasurer Jolene (last name not specified) presented the forecast and told the board the district expects to spend about $4 million more than it will collect this year, leaving a projected cash balance near $19 million by year end and a drop in days cash on hand from 139 at the end of fiscal 2025 to approximately 109 in fiscal 2026.
Why this matters: the forecast frames near‑term board decisions about levies, program funding and longer‑range budget reductions. Board members pressed staff for specifics about the deficit drivers and options for balancing future budgets.
What the forecast shows
- A projected operating deficit of about $4.3 million in fiscal 2026 as presented by the treasurer. -…
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