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North Ridgeville board hears forecast showing up to $15M hit from recent property-tax reforms; approves consent and project acknowledgements
Summary
Treasurer warned the district could collect nearly $15 million less from 2026–2030 because of several recent Ohio property-tax bills, shrinking projected reserves and days of cash on hand; the board approved the consent agenda, finance items and acknowledged OFCC design-phase comments for the new high school.
On Feb. 17, 2026, the North Ridgeville City Board of Education heard a five-year financial forecast and approved routine consent and personnel items while acknowledging Ohio Facilities Construction Commission (OFCC) design-phase comments for the district's new high school project.
The treasurer, identified in the meeting as Mrs. Fanta, told the board that the district currently projects about $61 million in revenue and roughly $59 million in spending for the current fiscal year, meaning an expected year-end general-fund balance near $23 million. She said about 63% of revenue comes from local property taxes, state funding accounts for roughly $17.9 million (including about $12 million from the state school funding plan), restricted grants total about $947,000, and other revenue about $4.8 million. On the spending side, personnel costs account for about 82% — roughly $48 million — with purchased services at about $7 million and other categories around…
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