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Treasurer: Warren City Schools projects $72.4 million year‑end balance, warns of tighter years ahead
Summary
Treasurer Mrs. Cortino presented a November five‑year forecast projecting a $72.4 million general fund balance at year end and a $2.7 million operating gain for 2024–25, while flagging long‑term revenue pressure as Fair School Funding phases in and emergency levies expire.
Mrs. Cortino, the district treasurer, presented the Warren City School District’s November update to its five‑year financial forecast and laid out the assumptions behind projected revenues and expenditures.
She said the district began the fiscal year with a $69.6 million general fund balance and "we are projecting that at the end of this year, we will have a $72,400,000 general fund balance," reflecting projected revenues of about $77.77 million and expenditures near $75.0 million, or roughly a $2.7 million gain for the year. Mrs. Cortino told the board that about 75% of the district’s funding — roughly $58.0 million in the forecast — comes from the state, and the forecast incorporates the Fair School Funding phase‑in (66.67% in 2025, 83.33% in 2026 and an…
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