During financial consent presentations on Nov. 10, district finance staff reviewed the October forecast and recommended no substantive revision unless the legislature enacts changes before February. The treasurer noted the district is in fiscal year 2026 with a "downward trend" in which expenses are outpacing revenues and that the district may need new revenue in the 2027–28 school year.
Finance staff reported about 123 days of operating cash (projected to end the year near 105 days) and that approximately 42% of expected revenues had been received due to property-tax timing. "We're in a downward trend right now where our expenses are outpacing our revenues," the finance presenter said, and recommended discussion of a cash-balance policy to set a target (for example, 120 days).
Superintendent Severs told the board he planned to circulate a joint letter with other Warren County school districts to explain what is happening in Columbus — noting state funding formulas reduced the district's share of state aid (he referenced an historical decline from 32% of state-share revenue to roughly 10.48% as local property wealth rose) and that as state spending per pupil declines, the burden shifts to local taxpayers. He asked board members for input before sending the joint communication to the public.
Board members agreed to monitor legislative developments and discuss options with the CAP committee; no immediate tax or levy vote was taken at the meeting.