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CMSD chief financial officer outlines budget risks as federal emergency funds end; district cites recent credit rating upgrades
Summary
The Cleveland Municipal School District’s finance team told the Board of Education that one‑time federal pandemic relief funds have ended, state and federal budget proposals remain uncertain, and the district will pursue further reductions while protecting key investments.
Cleveland Municipal School District officials told the Board of Education that the district will have to continue careful budget management as large federal pandemic relief funds expire and state and federal budget proposals remain uncertain.
CFO Kevin Stockdale reviewed the district’s five‑year forecast, upcoming appropriation adjustments and the 2025–26 operating budget proposals. Stockdale told the board the federal ARP ESSER program funds are gone: “This will be the first fiscal year since ’20 that we don't have any ARP ESSER funds,” he said, noting the roughly $465 million federal grant program ended and earlier year carryovers have been exhausted.
Why it matters: The loss of one‑time federal funds narrows the district’s flexibility. Stockdale said the district budget for fiscal 2026 was…
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