Reynoldsburg City School District Financial Forecast Remains Stable

The financial outlook for Reynoldsburg schools remains stable, according to the latest five-year financial forecast from Treasurer Tammira Miller.

Reynoldsburg Board of Education members approved an update to the October 2014 financial forecast at their May 19 meeting.

Miller said the update reflects a 5-percent reduction in property tax amounts due to a decline in property values from the triennial update.

State funding amounts were increased, however, because of firmer projections from the Ohio Department of Education.

The district received $28,855,068 from the state in 2014 and $31,651,143 this year. This year's amount includes casino revenue of $342,289.

Miller said because the state budget is still making its way through the legislature, the funding amounts estimated for years 2016 through 2019 in the forecast are the same as this year.

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