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Treasurer: January tax advance far below normal; board warned of tighter cash until February
Summary
Treasurer Craig Wyckoff reported the district received a $1 million January tax advance — well below the usual $2.5–3 million — creating a tighter cash position until February collections; board also discussed state funding uncertainty under the Fair School Funding Plan.
Treasurer Craig Wyckoff told the Brecksville-Broadview Heights Board of Education on Jan. 15 that the district’s January tax advance from the county was $1,000,000 — the lowest January advance the district has received — and that delay stemmed from a late certification at the state Department of Taxation.
“We normally get about $2,500,000 to $3,000,000 in January,” Wyckoff said. “They sent us $1,000,000 today.” He said the shortfall will make the district’s liquid cash position tighter until the larger…
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