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Brecksville-Broadview Heights board recommends 5.9‑mill levy for May 2027 to shore up finances
Summary
Treasurer Craig Yaniglos advised the board that slow revenue growth and rising expenses make a new operating levy necessary; he recommended a 5.9‑mill levy on the May 2027 ballot, estimated to raise about $9.5 million annually, and said resolutions will be needed by Dec 2026/Jan 2027 to meet the timeline.
The Brecksville‑Broadview Heights Board of Education heard a financial forecast June 1 that recommended placing a 5.9‑mill operating levy on the May 2027 ballot to stabilize district finances.
Treasurer Craig Yaniglos told the board that "the district's average annual revenue growth is just 0.12%, while expenditures (driven primarily by inflation and double‑digit percentage increases in healthcare benefits) are growing at 3.26%." Yaniglos said trustees face three scenarios: do nothing and risk depleting cash reserves by 2030, wait until spring 2028 and see reserves drop below the board's 90‑day cash‑on‑hand policy, or target May 2027. He and Superintendent Jeff Harrison recommended the May 2027 option.
Yaniglos said a 5.9‑mill levy would generate "approximately $9.5 million annually," which the district projects would stabilize the cash balance and could delay another levy request for 6–8 years. To meet the May 2027 election schedule, he said the board would need to pass authorizing resolutions by December 2026 or January 2027 and that a levy campaign committee is already forming; "Brian Banjac has agreed to serve as the campaign's treasurer," the minutes note.
Board members framed the levy as essential to protecting day‑to‑day educational operations: they repeatedly emphasized operational funding remains the district's top priority. The board did not take a formal vote on levy placement at the special work session; next steps include preparing simplified materials and FAQs for the public and scheduling any required resolutions at a future meeting.
