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Brecksville‑Broadview Heights treasurer warns of deficits and legislative uncertainty; board approves forecast
Summary
Treasurer/CFO Craig Denice told the Board of Education the district faces growing deficits and legislative risk that could require a levy; the board approved the required forecast 4-0.
Treasurer/CFO Craig Denice told the Brecksville‑Broadview Heights Board of Education on Oct. 13 that a recently completed financial forecast shows a near‑term budget shortfall and significant uncertainty from pending state legislation.
Denice presented the district's required forecast covering fiscal 2026–2030 and said the district could face a deficit of about $756,000 this year that could grow to roughly $3.2 million in fiscal 2027 if current trends hold. He warned the district's cash reserves could fall below 90 days by fiscal 2029 and to about 10 days by fiscal 2030 without additional action.
Why it matters: Local property taxes provide…
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