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CFO: Hamilton County sees modest cushion in fund balance; TISA formula changes to be clarified
Summary
Chief financial officer Miss Mariela reported the district is 'on track' for the budget season, noted a roughly $5.4 million excess over the 3% fund-balance minimum, and said the TISA funding formula could increase base funding but that charter direct funding and ESA vouchers will affect realized dollars.
Miss Mariela, the district's chief financial officer, gave a budget overview at the Feb. 19 work session, advising the board that sales tax receipts are strong but that changes in personal property assessment partially offset revenue.
She explained the TISA formula's components (base, weights and direct) and…
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