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Mount Healthy board approves financial recovery workbook, highlights Nov. 4 levy
Summary
The Mount Healthy City School District board on Sept. 15 approved a state-required financial recovery plan workbook that projects a positive FY26 fund balance if a proposed 3-mill levy passes; trustees and staff warned the levy is central to erasing projected deficit spending.
The Mount Healthy City School District Board of Education voted Sept. 15 to approve the district's financial recovery plan (FRP) workbook and narrative required by the state's fiscal oversight commission. The board's roll-call votes were recorded as Yes from Miss Bryant, Mister Carter, Mister Kilgore and Doctor Turner.
Treasurer and staff told the board the updated workbook reflects 16 months of work to address prior forecast shortfalls and shows a projected FY26 fund balance of about $2,161,000 and an FY27 positive balance of roughly $600,000. The presentation also highlighted remaining deficit-spending lines and an underlying projection that expenditures exceed revenues by an estimated $1.5 million without additional revenue.
Treasurer presentation: "On 11/04/2025, Mount Healthy City School District residents will be voting on a new 3 mill levy for continuing period, which is expected to generate $1,597,000 per year," the treasurer said, adding that "that levy would single handedly erase our deficit spending for next year." Board members and staff framed passage of the levy as critical to the district's ability to maintain general fund operations and repay the district's outstanding solvency assistance obligation of $10,273,000.
The board emphasized continued monthly monitoring. The treasurer said the district will provide required monthly FRP monitoring reports showing actual performance against workbook estimates and explanations for significant variances.
What's next: The district will continue community outreach and informational sessions about the levy ahead of the Nov. 4 ballot, and staff said they'll submit the approved workbook and narrative to the commission as the next step in the FRP process.
