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Mentor schools project multi‑year shortfall and recommend 4.9‑mill operating levy
Summary
CFO Mr. Wade told the board the district's updated forecast shows a multi‑year erosion of reserves and recommended a 4.9‑mill levy to raise about $13.5 million a year; he said failure to pass the levy would require immediate cuts totaling about $3.4 million in 2027 and further cuts if not approved by November.
Chief Financial Officer Mr. Wade presented the district’s updated multi‑year forecast and recommended placing a 4.9‑mill operating levy on the ballot to address projected shortfalls.
"We're looking at a deficit of about 9 and a half million dollars," Wade told the board, and later summarized the administration's levy recommendation: "That levy would generate about 13 and a half million a year." He emphasized that without the levy the district would need to cut roughly $3.4 million in 2027 and an additional $3.4 million if…
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