The Brecksville–Broadview Heights Board of Education voted 5‑0 on May 28 to adopt an updated five‑year financial forecast covering fiscal 2025–2029.

Treasurer Greg told the board the forecast is a planning tool that uses conservative revenue assumptions and shows the district’s cash balance declining over the period absent new revenue. "This is just a planning tool," he said during his presentation, summarizing how the projection should be used to guide discussion rather than to lock in a final decision.

Key points presented to the board included: projected local revenue remains the district’s largest source; property tax reappraisals and reduction factors limit immediate new state aid; the district’s tax increment financing (TIF) revenue is expected to grow modestly (the presentation cited an increase from roughly $330,000 to about $900,000 annually by fiscal 2029 under the model used); and personnel costs and benefits make up about 86% of the budget. Under the forecast’s assumptions, the treasurer said the district would hold roughly $10.7 million in unrestricted cash in fiscal 2029, equivalent to about 62 days of cash on hand.

The presentation highlighted legislative risks that could materially change the outlook, including proposed property tax reforms and House and Senate proposals under consideration in Columbus. The treasurer noted continued uncertainty about the state’s fair school funding actions and cited potential constitutional‑level proposals affecting property tax revenue as a major risk to long‑term planning.

Board members and administrators discussed timing for a potential operating levy if needed. The presentation modeled a hypothetical 4.5‑mill operating levy placed into planning as a midterm option; under current projections, the district’s planning horizon for action falls roughly in fiscal 2027 with collections beginning in fiscal 2028 if voters approve a ballot measure. Board members emphasized the forecast will be revisited at regular intervals and used to inform community discussions rather than to set a definitive levy plan tonight.

Ending: The board approved the forecast 5‑0 and directed staff to continue monitoring legislative developments, TIF revenue projections and retirements/hiring impacts for future forecast updates.