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Oakwood board braces for state budget carryover cap; schedules special meeting on transfers
Summary
Board and finance staff described a newly agreed state budget carryover limit of 40% and outlined next steps to protect district funds, including a Monday special meeting to consider transfers and initial FY26 appropriations.
Oakwood Board of Education finance staff and trustees on June 25 told the public the conference committee’s two‑year state budget includes a 40% cap on how much collected property‑tax revenue a district may retain as carryover, and the district is preparing transfers to avoid losing locally raised funds.
The carryover limit is part of a package approved by the Ohio House and Senate conference committee late June 24 and released in the early hours of June 25; the governor must still act. Treasurer Sauer said districts and advocacy groups had earlier seen alternative proposals — a 30% House cap and 50% Senate cap — and that 40% appears…
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