Three Rivers Local forecasts $1.7 million deficit; board discusses cuts and tax-abatement risk
The Three Rivers Local School District board reviewed a four-year forecast showing about $27 million in revenue and $28 million in expenses, producing a projected $1.7 million deficit; trustees discussed cost-saving measures, reserve days remaining, and a five-year tax abatement tied to a local power-plant conversion.
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Presiding officer (unnamed) said the district’s finance committee reviewed a multi-year forecast showing roughly $27,000,000 in anticipated revenue against about $28,000,000 in expenses, creating a projected $1,700,000 deficit for the coming school year.
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