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Dayton school board adopts five-year financial forecast amid warnings about state tax proposals
Summary
The Dayton Public Schools Board on Oct. 14 approved the district's financial forecast and assumptions, while treasurer and staff warned that pending state tax changes and slow revenue growth threaten reserves and could force future choices about levies and reductions.
The Dayton Public Schools Board of Education on Oct. 14 approved the district's financial forecast and assumptions, a required submission to the Ohio Department of Education, after a presentation by the district treasurer and extended board questioning.
Treasurer (presenter): The financial forecast shows the district relying heavily on state foundation funding and local property taxes while expenditures—primarily salaries and benefits—are rising. The forecast projects the district will need to draw on reserves in the coming years and warned that pending state proposals could reduce local revenues.
Board members said they were concerned about the long-term outlook and asked staff to prepare corrective options, including possible levy planning and operational adjustments.
The forecast is the document school districts must…
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