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Winton Woods board adopts financial forecast showing shrinking cash balance; levy scenario modeled
Summary
The Winton Woods City School District board approved a revised financial forecast that projects a steep decline in general-fund cash balance through 2030 under current assumptions and presented a modeled 6-mill levy for 2027 collection as one mitigation scenario.
The Winton Woods City School District Board of Education on Tuesday approved a revised financial forecast that projects the district's general-fund cash balance will decline markedly over the coming years unless changes are made.
Treasurer Randy Seymour presented the forecast, which the district prepared to meet a new Ohio Department of Education reporting format (current-year budget plus a three-year forecast). Seymour described the district's revenue mix as roughly 40% local property taxes, about 50% state funding and 6% from other sources. He reported current-year unrestricted…
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