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Treasurer warns House Bill 96 could reduce state school funding share; district issues bonds to fund construction
Summary
The district treasurer presented a five‑year general fund forecast showing revenue shortfalls in later years if House Bill 96 is enacted as described; the treasurer also noted the district issued bonds the same day to finance construction projects.
The Bedford City Schools treasurer presented the district’s five‑year forecast at the May 15 board meeting and told trustees the district’s general fund faces widening gaps in later years if proposed changes in House Bill 96 become law.
The treasurer said the forecast covers the general fund only and cited Ohio Revised Code section 5705.391 as the statutory backdrop for forecasting requirements. He reported total projected revenue for the current year of about $57,491,000 and projected…
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