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Board warned state budget changes could tighten district cash as real-estate collections dip
Summary
The Brecksville-Broadview Heights Board of Education on April 16 heard warnings that recent actions in the Ohio legislature and weaker-than-expected local property-tax collections could tighten the district's cash position.
The Brecksville-Broadview Heights Board of Education on April 16 heard warnings that recent actions in the Ohio legislature and weaker-than-expected local property-tax collections could tighten the district's cash position.
Ellen, the board's OSBA legislative liaison, told the board the Ohio House voted to discontinue the Fair School Funding Plan and that the House budget proposal would require school districts to refund property-tax revenue if a district's carryover exceeds roughly 30% of the previous fiscal year's general-fund expenditures. Ellen said the Senate will now negotiate the final budget.
The district's treasurer, Craig, told trustees…
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