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Stow-Munroe Falls treasurer: five-year forecast shows recovery but levy needed to avoid future deficits
Summary
District Treasurer Patrick Goclano told the board the district has moved from multi‑year deficit spending to a positive cash position but faces potential deficits after emergency levies expire; board voted to approve the district's five‑year forecast.
The Stow‑Munroe Falls City School District adopted a five‑year financial forecast May 19 showing the district in the black for the current year but projecting significant deficit risk after an emergency levy expires in 2026.
The forecast, presented to the board by Treasurer Patrick Goclano, projects the district will end the current fiscal year with positive cash and said recent emergency levy revenue and other cost‑saving measures helped reverse years of deficit spending. Goclano told the board the district ended a recent fiscal year with roughly $27,000,000 in cash on hand and reported total depositories of about $21,000,000.
The nut graf: the forecast frames the district's near‑term stability as contingent on renewing local levies and on uncertain state action. Without renewal of expiring emergency levies the forecast shows a growing…
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