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Ravenna schools report improved cash position after levy but say state funding cut leaves a gap
Summary
The treasurer told the board the district moved out of fiscal oversight after voter approval of a $2.75 million five‑year levy and operational right‑sizing, but FY26 state funding fell by $519,719; December reports show revenues trending up and expenditures down compared with the August forecast.
The Ravenna School District treasurer told the board on Jan. 26 that the district’s five‑year forecast has returned to positive after a period of fiscal oversight and years of deficit spending.
“We were placed in fiscal oversight,” the treasurer said, recounting May 2024 as the point when the district’s financial status was reviewed. The treasurer said two changes were decisive: voter approval of a $2,750,000 five‑year levy…
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