More than 120 Ohio public school districts are projecting negative cash balances by 2029 — the worst rate since the Great Recession.
Data compiled by Ohio State University professor Vlad Kogan shows that 124 of the state’s 611 public school districts, roughly 20%, are projecting negative cash balances by fiscal year 2029. That marks the highest rate of negative cash balance projections since 2012.
The figures arrive as Canton City Schools made deep cuts to address shortfalls, eliminating $17 million from its budget by closing schools and reducing staff. Louisville City Schools is also grappling with a budget crunch…