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Board approves five-year forecast and revised appropriations; finance staff warn reserves may fall short by 2030
Summary
The Westerville City School District board approved an updated five-year financial forecast and revised fiscal-year 2026 appropriations at the Feb. 9 meeting. Finance staff said the forecast projects the district will not meet its policy target of a 90-day unreserved operating balance by 2030, estimating a $10 million shortfall under current assumptions.
The board voted to approve the district's updated five-year financial forecast and associated revised appropriations during the Feb. 9 meeting.
Treasury/finance staff explained the forecast reflects a new earned-income tax approved by voters in November 2025, a 13.8% increase in medical premiums for calendar year 2026 and updated state funding tied to current student data. Presenters noted the forecast now uses the current-year budget plus a three-year projection in line…
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