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Oregon City treasurer warns five-year forecast could show reduced state aid under fair funding formula
Summary
The district's treasurer presented a five-year forecast showing a potential negative cash position in the final year and warned that unusually high property valuations could lower state aid under Ohio's fair school funding formula, even as local reserves remain strong.
The Oregon City Schools treasurer presented the district's annual five-year forecast on Nov. 19, saying current trends show the district spending more than it takes in and forecasting a negative cash balance in the last year of the model even though the district maintains strong cash balances.
The treasurer told the board she used a planning assumption of no general salary increases (only step movements) and projected residential valuation increases of 30% and commercial increases of…
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