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Board warns new state carryover rule could shorten seven-year levy and push districts to spend
Summary
Bellbrook-Sugarcreek officials said a recent state change raising allowable cash reserves to 30% could reduce future levy revenue and encourage one-time spending, and discussed contacting state lawmakers.
Bellbrook-Sugarcreek Board of Education members spent part of their April 10 meeting discussing a recently enacted change at the state level that raises the percentage of cash a district may carry over and how that could affect the district's seven-year emergency levy. Board members said the rule could reduce the district's revenue in later years of the levy and create incentives for short-term spending decisions.
District officials described the change as a shift from the previously lower threshold to…
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