Twinsburg board adopts five‑year forecast after treasurer warns of projected 2028 shortfall

The Twinsburg City School District Board of Education voted unanimously to adopt the district's five‑year forecast and related financial reports on Oct. 14 after a detailed presentation by district finance staff warning that expenses are projected to outpace revenues and could drive the district into a deficit in fiscal year 2028.

The forecast adopted by the board estimates roughly $60.2 million in general fund revenue for the current year and projects revenue growth of less than 1% annually while projecting expenditures to grow at roughly double that rate. Treasurer Julia told the board, "we went from negative about $8,000,000 to $730,000 negative. That's great progress," while cautioning that the district still faces a shortfall if further action is not taken.

The forecast package, adopted under Ohio law and cited by board staff as required by ORC 5705.391 and ORC 5705.412, will be submitted to the Ohio Department of Education. Julia said the department reviews district forecasts twice a year and will send a letter if a district shows a negative cash balance in any of the first three forecast years. "Because we are showing that negative $730,000 there on line 1001, they will ask us basically, you not have 0 balance..." she said, explaining the department's early warning procedure.

Why it matters: The presentation framed the forecast against broader state legislative proposals and funding uncertainty, including references to House Bill 96 and other pending bills that could change…