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Solon district’s five-year forecast shows slim cushion; superintendent warns levy failure would trigger multi‑million shortfall
Summary
The Solon Board of Education approved its five-year forecast showing a $235,839 unencumbered positive balance for fiscal year 2028 but the superintendent said the district could face a multi‑million-dollar deficit if a proposed 6.9‑mill operating levy fails.
The Solon Board of Education on April 13 approved the district’s five‑year financial forecast, which staff said leaves an unencumbered positive fund balance of $235,839 as of June 30, 2028.
“The forecast calls for a $235,839 positive fund balance unencumbered at 06/30/2028,” the superintendent said during the presentation, noting the forecast incorporates a $2,000,000 carryover adjustment in purchase orders to improve the district’s near‑term cash position. The board moved…
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