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Board approves May update to five-year financial forecast; treasurer warns revenue uncertainty
Summary
The Cincinnati Board of Education voted to adopt the May revision of the district's five-year forecast; staff said the projection uses current state budget assumptions, shows a modest increase in projected revenue for FY26 and warns of remaining deficits and federal/state funding uncertainty.
The Cincinnati Board of Education voted May 19 to adopt the May update to the district's five-year forecast, a required filing with the Ohio Department of Education. Treasurer's office staff and district budget directors briefed the board on assumptions, risk factors and scenarios before the roll-call vote.
Assistant Treasurer Guston and Director of Financial Transparency and Reporting Kevin Ashley told the board the May forecast increased revenue estimates for fiscal 2026 compared with the November forecast based on updated enrollment and tax receipts. The May filing uses current statewide assumptions that mirror much of the House budget language at the time of the presentation; staff cautioned that the state budget process was not finalized and that changes…
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