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Treasurer: Big Walnut posts stronger-than-expected January revenues, warns state funding freeze shifts burden to locals
Summary
Treasurer Linscott reported January 2025 revenues outpaced estimates and raised concerns about a state budget proposal that freezes Fair School Funding inputs at FY22 levels; he urged annual updates to base inputs to avoid shifting costs to local taxpayers.
Big Walnut Local Schools’ treasurer reported Jan. 31, 2025 financial results that showed revenues exceeding estimates and a strong cash position, and used the presentation to outline concerns about the state Fair School Funding Plan and a governor’s budget proposal that he said freezes input values at FY22 levels.
Treasurer Linscott told the board total actual revenues and other financing sources for the fiscal year were about $35,980,000, compared with an estimated $34,580,000 — roughly $1.4 million (4.05%) over projection. He reported an ending cash balance of $37,380,000 as…
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