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Middletown City treasurer presents five-year forecast showing near-term carryover but longer-term deficits
Summary
Treasurer Sam Bertram told the Middletown City School District board the district expects a roughly $40.6 million carryover this year and a $5.7 million gain, but projected deficits begin in 2028–29 and could grow without policy changes or revenue shifts.
Treasurer Sam Bertram presented the district’s five-year financial forecast on Nov. 10, reporting a beginning cash balance of $34.94 million and a projected carryover of about $40.6 million for the current fiscal year.
Bertram told the board that the district expects a gain of about $5.7 million this year and that revenue currently is composed of roughly 58% state funds, about 35–39% local taxes and about 7% other revenue. He said the district has taken ESSER-related reductions early, shifting about $2.5 million into the general fund this year.
Why this matters: despite a healthy short-term carryover and above‑average state…
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