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Five‑year forecast shows mounting pressures; treasurer flags county overpayment and cash‑balance policy review
Summary
Treasurer presented the district’s May update of the five‑year forecast, noting a modest increase in projected deficit driven largely by anticipated health‑insurance cost increases and by uncertainty in the state biennial budget; the treasurer said he may return $2.19 million that the county auditor advanced to avoid exceeding a 30% cash‑balance
The district treasurer reviewed the May update to West Clermont’s five‑year forecast and highlighted financial risks, including rising health‑insurance costs and uncertainty in the state biennial budget.
Forecast highlights: The treasurer told the board the May forecast is similar to the November submission but that projected deficits increased modestly over the five‑year window, driven primarily by an anticipated health‑insurance premium increase above 10% beginning January 1, 2026. Revenues in the forecast were not adjusted for pending state budget legislation because the final…
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