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Board hears fiscal report as treasurer flags low tax advances; approves two property-tax valuation complaint resolutions
Summary
Treasurer reported lower real-property tax advances, elevated special-education spending and high IDEA-B encumbrance rates; the board approved two property-tax valuation complaint resolutions and several routine motions by roll call.
Mister Oko, treasurer for Garfield Heights City Schools, told the Board of Education on Feb. 18 that real-property tax collections for the district are lower so far this fiscal year because the county delayed some collection notices after a large countywide update.
Oko said the district received a partial advance from the county in January and expects final settlement in March; he warned the timing difference can complicate cash flow when payrolls are due. He told the board that special-education costs are significantly higher than expected this year, in part because students open-enrolled from other districts…
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