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Forest Hills treasurer outlines five-year forecast, cash reserves and potential levy timing
Summary
Treasurer Alana presented the district's five-year general-fund forecast: FY26 revenue about $108 million, expenditures about $102 million, and a projected $5.9 million addition to cash reserves. She cautioned that inflationary expense growth and state policy changes affect future levy timing.
Treasurer Alana presented the Forest Hills School District's general-fund five-year forecast at the Feb. 18 board meeting, summarizing revenue sources, projected expenditures and reserve levels.
Highlights from the presentation:
- FY26 projected revenue: approximately $108,000,000; projected expenditures: approximately $102,000,000, leaving an expected net increase to cash reserves of about $5,900,000 this year.
- Revenue composition: roughly $80 million from local sources (real-estate/public-utility taxes and TIF arrangements) and 24% from state funding; ‘‘other revenue'' is roughly $3 million, mostly kindergarten tuition.
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