Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasure's May forecast: unexpected TIF revenue eases near-term pressure; board told levy likely not needed until 2029 under current assumptions
Summary
Forest Hills Treasurer Atlanta Carver told the board the district ended fiscal 2025 with an increased cash balance driven in part by an unexpected 1.2 million dollar TIF valuation increase; under current assumptions expenditures outpace revenues late in the five‑year forecast and a future levy would be considered in fiscal 2029.
Forest Hills Local School District Treasurer Atlanta Carver presented the required May update to the district's five-year forecast at the board's May 20 meeting, reporting a stronger-than-expected cash position for fiscal year 2025 and describing key risks the district is watching in state budget proposals.
Carver said the district expects to end fiscal 2025 with roughly $34.6 million in cash on hand and 125 days of cash — 110 days when encumbrances are deducted — an increase driven by larger-than-expected TIF receipts. "TIF revenues increased by $1.2 million…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
