New Philadelphia City Schools treasurer warns five-year deficit; board approves fund transfer, contracts and personnel items

New Philadelphia — The New Philadelphia City Schools Board of Education heard a presentation from the district treasurer on the district's five‑year financial forecast and then approved a multi‑item consent package that included a transfer from the special education fund (Fund 28) into the general fund, several vendor agreements and routine personnel actions.

The treasurer told the board that homeowner property values are assessed at 35% of appraised value for tax calculations and that state reimbursements (homestead and rollback) reduce many taxpayers' final bills. The presentation included an example tax card and a demonstration of the county auditor's online tax calculator to show how the assessed value, local effective tax rate and state reimbursements interact.

Why it matters: the treasurer's forecast shows structural pressure on district finances. The presentation projected that, absent changes, the district's fund reserve would be negative by about $8.3…