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Ohio House bill would cap school district cash reserves at 30%; Middletown leaders warn of local impacts
Summary
Treasurer Randy Bertram told the board that House Bill 96 would restrict local school cash reserves to 30% carryover at fiscal year end; Middletown’s policy targets a lower base and a higher cap, and staff warned the proposed cap could force levy requests, borrowing or loss of funding for the district.
Middletown City School District officials told the board April 28 that Ohio House Bill 96, the biennium budget bill approved by the House, contains a provision that would cap public‑sector cash reserves at 30% of general fund carryover.
Treasurer Randy Bertram said the bill originally contained a 25% cap that the House amended to 30% before approval. Bertram said the district’s own policy sets a 75‑day minimum (roughly a 20%…
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