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District treasurer projects multi-year surplus then gradual decline; warns on state property-tax proposals
Summary
Centerville City School District treasurer reviewed fiscal 2025 results, projected FY2026–29 finances, highlighted a $7.6 million year-end surplus for FY2025 and warned trustees about pending state proposals that could affect property-tax revenue and levy options.
Centerville City School District Treasurer (Miss Aldrick) told the board the district closed fiscal year 2025 with a $7.6 million surplus and presented a multi-year forecast that assumes a 0% base salary increase for 2025–26, staff reductions carried into the new year, the full phase-in of a recently passed levy and a projected property reappraisal increase assumed at 15% for the next reappraisal cycle.
The treasurer said the district's FY2026 forecast factors in categorical increases in transportation funding and a temporary performance guarantee payment tied to the…
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