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Treasurer warns state budget proposals could cut Wyoming school revenue, flags '30% cash balance' risk
Summary
District finance staff told the board that proposed changes in the Ohio biennial budget could reduce state aid and require county reductions to local property tax revenue when a district’s cash balance exceeds 30 percent, potentially forcing earlier levies or deeper cuts.
At the April meeting the district treasurer briefed the Wyoming Board of Education on the Ohio biennial budget process and what several competing proposals could mean for the district’s finances.
State revenue context: The treasurer told the board the district’s general‑fund revenue mix is roughly 41 percent real‑estate tax, 31 percent income tax and 20 percent state funding. The treasurer said state funding has been effectively flat for the district since fiscal 2019 and that the district has been on the Fair School Funding Plan guarantee for several years.
Why it matters: The treasurer said three competing budgets (governor, house, senate) were under consideration and that the governor’s initial proposal both paused updates to cost inputs and reduced…
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