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Westerville board approves five-year forecast update amid property-tax timing uncertainty
Summary
The Westerville City Schools board approved an updated five-year financial forecast May 11, citing an unexpected $575,000 earned-income tax payment and potential delays in county property-tax settlements that could shift state reimbursement timing; trustees approved the forecast unanimously.
The Westerville City Schools Board of Education on May 11 approved an updated five-year forecast, while district finance staff warned that county settlement timing and state property-tax changes could shift some reimbursements into the next fiscal year.
Treasurer and CFO Nicole Marshall told the board the presentation was a brief update to a February filing and that overall revenue mix for the district’s general operating fund is roughly 26.1% state sources and 73.9% local and other sources. She said the district received an earned-income-tax payment roughly $575,000 higher than the state’s estimate, a timing-related variance staff reflected in the current fiscal year and offset in next year’s projection.
Marshall also flagged delayed settlement sheets from Franklin County — required materials that determine final local-tax figures — and said the delay could affect the district’s state homestead and rollback reimbursements, potentially pushing those payments into fiscal 2027. On expenditures, Marshall said the forecast showed about a $480,000 decrease largely attributable to timing, not program cuts.
"This may be the most brief presentation I have given in my career," Marshall said during the update, adding staff will continue to monitor state budget developments and property-tax reform impacts.
Board members asked about specific line items, the board’s newly proposed legislative committee to monitor state policy changes, and the district’s operating-transfer strategy to fund capital projects separately from the general fund. The board then voted to approve the five-year forecast update by recorded voice vote; all members present voted in favor.
The approved forecast will be posted with the district’s official meeting materials; district staff said they will continue reporting updates as state and county numbers solidify.
