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Talawanda board hears five‑year forecast and flags statewide property‑tax reforms that could cut local revenue
Summary
Board treasurer presented the district’s five‑year forecast, projecting surpluses through fiscal 2028 but noting legislative risks from recent Ohio property‑tax bills (including a potential $5.2M clawback). Trustees accepted the forecast and discussed contingency planning and cash‑balance protections.
The Talawanda City School District board on Feb. 19 received an updated five‑year financial forecast that projects positive ending cash balances through fiscal 2028 but warns of significant uncertainty from recent state property‑tax reforms.
"If the anticipated revenue stays true, we would end up with the fiscal year with an additional $1,400,000 in our coffers," said Miss Tufowski, the district finance presenter, summarizing the forecast’s baseline assumptions. She told trustees the state’s recent package…
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