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CPS presents three budget scenarios as state and federal funding outlooks worsen
Summary
Cincinnati Public Schools on March 3 presented three budget‑balancing scenarios to address an anticipated revenue shortfall driven by a worsening state and federal funding outlook.
Cincinnati Public Schools administration presented three draft approaches March 3 to address a projected decline in general‑fund revenue and asked the board for direction on next steps and priorities.
Treasurer Wagner and Superintendent Murphy said the district’s November forecast left the general fund at roughly $644 million for the current budget cycle; updated assumptions and the governor’s proposed budget model could reduce state aid, producing an approximate $20 million gap that would lower the revenue forecast to about $624 million. The administration reminded the board that prior-year…
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