Wyoming City Schools staff warn cash reserves could force spending cuts or a levy if revenue trends continue

Staff presenting Wyoming City Schools’ five‑year general fund forecast told the Board of Education the district has identified a $5,000,000 cash‑balance target and will need to consider spending reductions or new revenue if current trends persist.

The presentation, delivered by a district staff member responsible for finance, framed the forecast as a statutory document that reflects current law and noted a number of pending state budget proposals that could change revenue assumptions. “We identified $5,000,000 as our cash balance target,” the staff member said, adding that anything below that target would require either reducing expenditures, raising revenue or both.

Board members were told the forecast covers only the general fund and excludes bond retirement, student activity accounts and other non‑tax supported funds. The staff member said roughly 40% of the district’s revenue comes from property taxes (about 38% from real estate), about 32% from the district income tax and about 20% from state funding. The presenter told…