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Marysville schools project multi-year operating deficit despite levy; state budget and property-tax bills pose uncertainty
Summary
The Marysville Exempted Village School District board approved a May five-year forecast showing an operating deficit each year despite voter approval of a new levy; officials warned the state budget process and pending legislation affecting property taxes and TPP could change projections.
The Marysville Exempted Village School District board on Monday approved a five-year financial forecast that projects an operating deficit each year, even after the passage of a new emergency levy.
The forecast, presented by the district treasurer, shows revenues exceeding $63.5 million for fiscal 2025 and projects the district’s cash balance will remain positive through the forecast period but decline to about $2 million by the end of the five years. “At the end that’s about 2,000,000 dollars,” Treasurer Todd Johnson said during his presentation.
The forecast factors in new revenue tied to preschool enrollment and a $6.9 million emergency levy passed by voters in May; levy collections are phased in, with partial collection in fiscal 2026 and full collection by fiscal 2027. Johnson told the board the forecast also assumes about $577,000 in additional state funding in…
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