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Little Miami treasurer warns five-year forecast shows steep spending growth; board presented renewal levy implications
Summary
Treasurer presented a five-year forecast showing enrollment growth but larger projected spending increases, stressing the district’s reliance on an emergency levy and uncertainty from pending state legislation; board received the report and the forecast will guide upcoming budget decisions.
Terry, the district finance presenter, told the Little Miami Local Board of Education on May 20 that the district’s five-year forecast projects a 9.9% rise in full-time-equivalent students over 2025–2029 but a 25% increase in spending over the same period.
The forecast matters because the district relies heavily on local property-tax revenue and an emergency operating levy. “It is significant,” Terry said of the levy’s share of district revenue, and he warned that without the levy renewal the district’s fund balance projections turn sharply negative by 2028.
The presentation summarized key assumptions: enrollment shown as FTEs, a basic foundation amount of $8,114…
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