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Treasurer outlines Perrysburg budget outlook, says new Whirlpool investment will add modest revenue
Summary
The district treasurer reported improved cash balances after tax settlement, explained spending controls and capital planning, and said Whirlpool's planned $60 million investment may raise district revenue modestly but will not solve long-term funding shortfalls.
The Perrysburg Exempted Village School District’s treasurer gave a detailed fiscal update at the board’s April meeting, saying recent tax settlements improved cash balances but cautioning that structural funding challenges remain.
Key financial points presented included a year-over-year revenue uptick (reported as 5.4%) and expenses running roughly 2.7% lower than the prior year, primarily due to reductions and position control. The treasurer reviewed how the district links budget, forecast and appropriations under new state expectations and said the board will consider amended appropriations for the current fiscal year.
The treasurer also described efforts to control discretionary spending—per-pupil supply allocations, copying/paper budgets and tighter oversight of fee-driven budgets—and explained how the district uses permanent improvement (PI) funds and the general fund for capital needs. He and board members noted the trade-offs between funding capital needs from the general fund versus asking voters for PI resources.
On local economic development, the treasurer summarized the announced Whirlpool investment — a $60 million total investment and a $16 million parcel purchase — and estimated ranges for assessed valuation growth under a hypothetical scenario. He cautioned that much of the investment is equipment (personal property) and that tax treatment, potential abatements and city-negotiated protections for the district can alter outcomes. Under one projection presented, the district might see a valuation increase yielding roughly $225,000 in additional revenue; the treasurer emphasized that the figure depends on appraisal and tax-treatment decisions.
Following the presentation, the board approved the April financial report, a severance fund transfer and amended appropriations in a combined motion by roll call.
