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North Ridgeville Board adopts 2025-26 tax budget; district projects roughly $121 million ending fund balance
Summary
At its Jan. 7 meeting the North Ridgeville City Board of Education approved the tax budget for fiscal year 2025-26 in one reading, a step required under the Ohio Revised Code. The district said the budget aligns with construction bond drawdowns and projects a large ending balance largely driven by bond proceeds.
At its Jan. 7 regular meeting, the North Ridgeville City Board of Education approved the district's tax budget for fiscal year 2025-26 in one reading, moving the document to the county budget commission for certification. The motion was moved by Ms. McCarthy and seconded by Ms. Saxon; the roll call vote recorded Ms. McCarthy, Ms. Saxon, Mr. Grigsby, Mr. Haynes and Ms. Nabaka as voting yes, and the measure passed.
The tax budget is the first formal step in the district's budgeting process for the fiscal year that begins July 1. "It is an Ohio Revised Code requirement that every board of education throughout the state of Ohio adopt a tax budget no later than Jan. 15 of each…
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