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Perrysburg Exempted Village reviews five-year forecast, weighs levy options as state tax bills loom
Summary
District finance staff told the school board the five-year forecast shows improved near-term cash but projected deficits in later years; the board discussed levy timing, planned $6 million in reductions, and steps to expand community engagement amid possible state-level property tax changes.
Perrysburg Exempted Village School District staff told the board the district's five-year forecast shows better cash balances this year and next but projects deficits later in the period, prompting discussion of whether and when to seek an operating levy.
The forecast presentation, given by a district staff member, said the district began the year with about $25 million in cash and now expects to end the fiscal year roughly $2 million higher than in November’s projection. The presenter said the district could be “out of money in FY ’27” under some scenarios and later described fiscal year 2027 as the point of greatest near-term risk if state actions reduce local property tax revenue.
The forecast and board discussion focused on three immediate risks: (1) the effect of pending state legislation that could limit or reduce property-tax growth, including references to Senate Bill 66 and several House bills; (2) the district’s $6 million spending-reduction plan implemented after a levy rejection last…
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