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Akron schools treasurer reports positive November trend, flags rising transportation costs
Summary
Treasurer Bowers told the board the district's revenue is up year-to-date after the 2024 levy and expenditures are close to forecast, but pupil transportation costs are running about $1.8M (65%) above projections through November.
Treasurer Bowers presented the board with the November financial report covering the first five months of the fiscal year (July 1–June 30). He said year-to-date revenue is about $19.6 million higher than the prior year and expenditures are about $5.9 million lower than last year, producing a cash balance roughly $8.1 million higher through November.
Bowers attributed the revenue increase mainly to property tax…
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