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Board and staff raise alarm over House budget language that would cap cash balances at 30%; vow outreach to legislators
Summary
Trustees and finance staff raised concerns about language in the House version of the state budget that would limit districts’ carryover cash balances to a maximum cited in the presentation as about 30%, and they discussed coordinated outreach to legislators and the community.
Board members and staff reviewed the House version of the Ohio biennial budget and said its language — as discussed during the meeting — threatens to limit districts’ flexibility by imposing a 30% maximum on carryover cash balances. Trustees and staff said that a hard maximum of that type could force districts to return to voters more frequently and disrupt local budgeting practices.
A district finance staff member summarized the immediate implication: "If this 30% maximum that they have in their…
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