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Fairfield Union board debates state budget risk, updates resolution to move $13.9 million to capital-improvement fund
Summary
Facing uncertainty over an imminent state budget cap, the Fairfield Union Local Board discussed strategies for protecting district funds and the superintendent and treasurer updated a resolution recommending transfers of $500,000 to permanent-improvement and $13.9 million to capital-improvement funds; board discussion centered on legal risk, timing and whether to schedule a special meeting to react to any rapid state action.
The Fairfield Union Local Board of Education on June 30 debated how aggressively to move district cash into long-term improvement accounts as Ohio lawmakers finalized a state budget that may impose new limits on school spending. Treasure Mrs. Roberts presented updated numbers and the board discussed whether to move the maximum allowable funds now or take a more conservative step and schedule a special meeting if the state budget required further action.
Mrs. Roberts said the district's general-fund balance was about $22.5 million and walked trustees through scenarios tied to possible state caps. "If transfers are included in expenditures," she said, "our numbers could change," adding that different legal sources had given opposing answers that…
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