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Lebanon schools hear 10-year finance forecast and warnings about post-referendum gap
Summary
At its reorganization meeting, the Lebanon Community School Corporation board opened a board of finance hearing where business staff presented DUAB fiscal indicators, rising fund balances and a 10-year cash-flow forecast that signals a potential funding shortfall after operating referendum dollars end around 2031.
Mister Dennis, the district’s assistant superintendent for business and operations, told the Lebanon Community School Corporation Board of School Trustees that statutory DUAB (Distressed Unit Appeals Board) fiscal indicators through Dec. 31, 2024, show the district’s fund balances have grown in recent years but that a multi-year forecast points to growing pressure once operating referendum dollars end.
“In 2024 we saw a large growth in fund balances,” Dennis said, then cautioned that the 10‑year forecast — built on seven explicit assumptions — shows the district approaching a fiscal cliff absent additional revenue. The assumptions…
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