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Treasurer warns of five‑year shortfall as board approves financial statements, property purchase and contracts
Summary
Treasurer Julie Irwin presented a five‑year forecast showing a possible $9.5 million shortfall and outlined cost pressures including a projected 17.2% rise in benefits; the board approved April financial reports, a $65,000 purchase of 312 Dawson Lane and several service contracts and agreements.
Treasurer Julie Irwin presented the district's five-year forecast and told the New Philadelphia City School District Board of Education the district could end the forecast period with a potential gap of about $9.5 million if current assumptions hold.
Irwin highlighted several drivers: a projected roughly 17.2% increase in insurance benefits, personal services costs expected near $20 million for the year, and uncertain state funding tied to the Fair School Funding Plan. She described the forecast as dependent on state action and said the district is "crossing…
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