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Twinsburg board adopts updated five‑year forecast after treasurer warns of fiscal risk
Summary
The Twinsburg City School District Board of Education voted 5-0 to adopt an updated five‑year financial forecast after Treasurer Julia Rosnaya told the board the district faces rising costs, uncertain state funding and a projected negative cash balance in fiscal 2028 unless steps are taken.
The Twinsburg City School District Board of Education on Tuesday unanimously approved an updated five‑year financial forecast after Treasurer Julia Rosnaya outlined rising operational costs, uncertain state funding proposals and a projection that the district could run a negative cash balance in fiscal year 2028.
Rosnaya, the district’s treasurer/CFO, told the board the forecast is a planning tool required by state law and “a visual representation of the future, grounded in the realities of today.” She said the district must file the forecast with the Ohio Department of Education in May and revise it in November if state budget actions change revenue assumptions.
The nut graf: Rosnaya said legislative proposals now under consideration in Columbus — including multiple bills affecting property taxation and school funding such as House Bill 96 — could reduce local revenue and the district’s…
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