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Sycamore treasurer warns state budget proposals could force larger levies after 2026
Summary
At the meeting the district treasurer reviewed the May five‑year forecast, warned that a House proposal to cap cash balances at 30% could require the return of $10.1 million and modeled an eventual 10.5‑mill levy to restore reserves; board members urged community advocacy while staff prepare testimony for the Senate Finance Committee.
The Sycamore Community City Board of Education reviewed the district’s May five‑year forecast and heard officials describe how pending Ohio legislative proposals could sharply change local tax‑and‑reserve dynamics.
The district treasurer told the board the governor’s budget maintains the Fair School Funding Plan phase‑in, but the House proposal would replace the model with bridge funding and impose a 30% cap on districts’ year‑end cash balances. The treasurer said that, under the House language, Hamilton County’s budget commission…
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