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Treasurer warns of low cash position amid delayed county tax advances; board reviews levy modeling
Summary
Treasurer reported Cuyahoga County delayed tax advances (district expected $6M but received $2M), leaving cash balances low through March settlement; the board approved an updated forecast and discussed a modeled 5.9‑mill operating levy for calendar 2027 to shore up reserves.
The Brecksville‑Broadview Heights treasurer reported the district is managing a temporarily low cash balance after Cuyahoga County delivered smaller tax advances than expected. Craig said the district expected roughly $6 million in advances but received about $2 million, which depressed cash‑on‑hand and reduced interest income for the month.
Craig said the investments remain intact and the timing issue should ease after the final settlement expected in March. "Doesn't mean we don't have money.…
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