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Five‑year forecast shows multi‑million‑dollar shortfalls as board readies financial recovery plan
Summary
The Cuyahoga Falls City School DistrictTreasurer told the board its five‑year forecast projects deficits beginning in FY27 driven by stagnant revenue, enrollment declines and sharply rising benefit costs; the board was advised to prepare a financial recovery plan for submission to the state.
The Cuyahoga Falls City School DistrictTreasurer presented a five‑year financial forecast Wednesday that projects a revenue shortfall beginning in fiscal year 2027 and a cumulative deficit by the fifth year.
The treasurer recommended the board "approve and accept the 5 year forecast as presented," saying the model shows the district could be "about 19,000,000 in the red" by year five and noting the numbers are driven by a set of assumptions and attached explanatory notes.
Why it matters: the district relies on local levies and state funding that the treasurer said together make up more than 92% of revenues. With enrollment down by roughly 1,000 students over seven years and state funding formulas shifting, the board faces…
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