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District treasurer warns of steep cuts in five‑year forecast; board approves plan
Summary
Treasurer Brian Stutroka presented a state‑required five‑year forecast showing enrollment declines and revenue pressures; the board approved the forecast after discussion of assumptions, potential $7.8 million midyear cuts and the need for deeper reductions over the forecast period.
Treasurer Brian Stutroka presented the Toledo City School District’s five‑year financial forecast at the Feb. 24 board meeting, explaining it as an early‑warning tool the state uses to assess fiscal risk. Stutroka said midyear reductions already totaled about $7.8 million and that the district’s plan anticipates larger reductions in coming years unless state funding or enrollment trends change.
Stutroka described the forecast’s major assumptions:…
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