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Winton Woods board approves five-year forecast as officials warn cash reserves will shrink by 2029
Summary
The Winton Woods City School District board unanimously approved a five-year financial forecast showing steady revenues through 2026 under the Fair School Funding Formula, then declining state support and rising expenditures that draw down cash reserves toward near zero by 2029.
Winton Woods City School District trustees on Monday unanimously approved a five-year forecast projecting balanced operations through fiscal 2026 but steadily shrinking cash balances thereafter.
The forecast, presented by Treasurer Michael Seymour, shows state foundation funding and real estate taxes together making up roughly 94% of revenue. The district projects roughly $25 million in unrestricted state support for fiscal 2025 but cautioned that without an increase in the state base cost the local share will rise and state support will flatten and then decline in later years.
“We were actually able to maintain pretty much a balanced budget with revenues and expenditures for ’24, ’25, and ’26,” Seymour told the board, but he added that the district will begin to “eat into those cash balances” in 2027 through…
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