Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Canal Winchester treasurer: proposed state reserve cap could force districts to spend or transfer millions
Summary
Treasurer Nick Roberts told the Canal Winchester Local School Board that the House budget's proposed 30% carryover cap and other changes to school funding could force the district to move tens of millions from its general fund into capital accounts or return money to taxpayers, and urged the community to contact state lawmakers.
Nick Roberts, treasurer for Canal Winchester Schools, told the school board on April 14 that proposed changes in the Ohio House budget would impose a 30% limit on general‑fund carryover and roll back the phased‑in fair school funding formula, a combination he said could force the district to spend, transfer or return roughly $28 million.
Roberts said the district’s cash‑balance history rose after receiving about $12.5 million in ESSER (federal COVID relief) dollars, and that changes to how disadvantaged funding is calculated — including the district’s adoption of the federal Community Eligibility Provision (CEP) — added roughly $2.5 million to the district’s revenue. “We would not give money back,” Roberts said. “We will find a way. It actually would help us. What I would do is transfer the money into a capital projects fund to earmark to pay off that debt.”
The treasurer said the House budget (members and board discussion referred to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
