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Treasurer warns House Bill 96 could push Akron schools toward fiscal watch; board approves February financial report 7-0
Summary
Treasurer Dr. Thompson told the board the governor's budget (House Bill 96) as introduced would reduce state aid and freeze 2022 inputs, creating a multi-year shortfall that could move the district into fiscal watch or emergency without changes; the board approved the February 2025 financial report unanimously.
Akron Public Schools Treasurer Dr. Thompson told the school board the district’s February financial report shows improved revenue trends but said the governor’s proposed budget (House Bill 96) would create a large multi-year shortfall unless altered by the legislature.
Thompson said revenue through February shows 9.4% growth driven largely by local property tax receipts and some state-aid increases, and that the district has received roughly $18 million from the recent levy so far. On…
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