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Akron school leaders warn levy failure would trigger steep deficits in five-year forecast
Summary
District treasurer told the Akron Public School Board that without voter approval of the levy, the five-year forecast shows mounting deficits and declining cash reserves, and several board members pressed for clearer spending cuts before asking voters for more taxes.
The Akron Public School Board on Nov. 4 received a five-year budget forecast showing escalating deficits unless a levy passes, a presentation that board members said underscores why they will ask voters to approve a tax measure.
Treasurer Doctor Thompson told the board the district modeled two scenarios — continued operations without a levy and operations with levy passage — and said the no-levy scenario produces growing shortfalls. "You can see that we're…
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