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Cincinnati schools weigh cash-reserve plan and levy timing as budget gaps widen
Summary
Treasurer Wagner told the board the district is projecting low cash reserves and presented options — including a five‑year plan to reach a 60‑day reserve — while members discussed levy timing, preschool funding and possible tradeoffs.
Cincinnati Public Schools Treasurer Georgia Wagner told the board on Feb. 10 that the district’s general‑fund cash balance is getting “dangerously low” and presented modeling that would build the reserve up to a 60‑day level over several years.
Wagner said the district’s projected general‑fund beginning balance for the next fiscal year is approximately $624.7 million in revenue, with about $484 million already committed to next year’s staffing and known items. That leaves roughly $128 million (or $140 million if the board declines to set money aside for a reserve). She said the district expects to end the current fiscal year with about $41.4 million in cash on hand.
Because property tax collections arrive in concentrated installments, Wagner said the district runs “valleys” in…
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