Solon Board approves five-year forecast, details use of reserve for construction and furniture upgrade

The Solon Board of Education approved the district's required five-year forecast May 5 and discussed how previously accumulated reserves will be spent on construction and facility upgrades as the district phases out transition payments from state tax changes.

Treasurer: "We are still reporting consistent with what we did in November of '24," the district treasurer told the board, describing that the forecast shows the June 30, 2025 cash balance near the mid-20 percent range and projected declines over the next two fiscal years as planned capital spending is realized. "It's really a matter of what the timeliness of payments" related to construction billing, the treasurer added.

The board's action approved the official forecast the district must file with the state under the Ohio Revised Code. Board members approved the submission by motion (moved by Mr. Heckman; second by Mrs. Barksdale) and…