EAST LIVERPOOL East Liverpool City Schools released its updated Five-Year Financial Forecast Summary this week, detailing an anticipated annual revenue reduction resulting from new state funding legislation while noting the district maintains sufficient cash balances.

Treasurer Anson Wiegand’s summary revealed that the district currently receives 79.17% of its total funding from state dollars, a structure the forecast notes that supports both operations and the quality of education provided to students.

The recently enacted House Bill 96 governs state funding for Fiscal Years 2026 and 2027. Under HB96, the district anticipates an annual revenue reduction of approximately $558,000. While Wiegand noted that the reduction is a considerable adjustment, he stated the district is prepared to manage the impact responsibly.

The forecast also highlights instability stemming from state budget items vetoed by the Governor, which the legislature can overturn through Dec. 31, 2026. Two notable items still pending—limitations on carryover balances that exceed 40% of annual expenditures and changes to the 20-mill floor—could affect school finance planning across Ohio.

“The district continues to closely monitor these developments to ensure that we remain proactive and prepared for any fiscal changes,” Wiegand said in the summary.

On the expenditure side, the rising cost of healthcare continues to factor into the district budget. East Liverpool City Schools is exploring solutions to cover the expenses.

In addressing spending strategy, Wiegand explained, “Our leadership team is taking a strategic and disciplined approach to spending. Every dollar is being evaluated to ensure it continues to directly support our students and classroom learning.”

Additionally, several pending state budget bills could affect local real estate tax revenue, which impacts district budgets throughout the state. The district confirmed it maintains sufficient cash balances and has a capital expense plan in place to meet both operational and long-term facility needs.

“Overall, the district remains fiscally stable and forward-focused,” Wiegand stated.