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Marysville approves five‑year forecast after levy; treasurer warns operating deficit persists
Summary
The Marysville Exempted Village School District board approved its May five‑year forecast following passage of a 5.5‑mill emergency levy, but Treasurer Todd Johnson told the board the district remains in an operating deficit and will draw down reserves as preschool and other costs come online.
The Marysville Exempted Village School District board on Tuesday approved the district's May five‑year forecast after voters passed a 5.5‑mill emergency levy in May that is expected to bring roughly $6.9 million in new annual revenue at full collection.
In presenting the forecast, Treasurer Todd Johnson told the board the district remains in an operating deficit. "The red line expenditures is above the blue line revenue every year and that was as we expected ... that means we are in an operating deficit," Johnson said. He said the district's cash balance remains positive through the forecast but will fall to about $2 million by fiscal 2029, below the board's stated goal of maintaining one month of expenditures.
The forecast incorporates several revenue and expenditure changes. The levy will be phased in over two fiscal years, with roughly…
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