Warren Township projects continued surpluses short-term but warns of long-term risks from slowing revenue growth

Rob Grossi, the district’s financial advisor, told the Warren Township High School District 121 Board of Education on April 22 that the district’s referendum and one-time pandemic-era and state payments have produced multi‑million dollar surpluses and strong reserves — but warned that revenue growth will slow and expenses are likely to rise.

Grossi said the district has generated cumulative net operating surpluses of about $33.7 million since early 2021 and, after planned capital work, the projections still show increasing fund balances through the near term. “You will see surpluses to stay healthy,” Grossi said during his presentation, noting the district expects to invest roughly $44.6 million in major capital projects during the projection period, including an $18 million locker room addition and roofing and HVAC work.

The nut of Grossi’s message: the sources that boosted revenues — referendum receipts, unusually large state payments and federal COVID relief money — have waned or will not…