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Treasurer: insurance claims, property tax caps could tighten Worthington Schools’ finances
Summary
Treasurer TJ Cusick told the board claims have driven insurance expenses to roughly 110% of revenue this year and warned that new state caps on inside millage will reduce projected revenue growth, possibly requiring a roughly half-mill replacement levy in 2028.
Treasurer TJ Cusick told the Worthington Schools Board of Education on Nov. 24 that the district’s insurance claims through October ran about 110% of revenue, exceeding the preferred high-90s ratio and driven largely by an unusually high number of very high-cost claimants (nine this year versus an expected three). He said the district has responded earlier this year by increasing deductibles and implementing…
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