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School budgets

Troy City forecasts no shortfall through FY2030

Troy City – 044925 (Miami) · Fiscal Year 2027 First Required Forecast (Fall)

Submission date: 08/14/2026

Troy City’s own notes and assumptions for this forecast (PDF) →

Every Ohio school district files a budget forecast with the state: three years of actual figures, this year’s budget and the years ahead. On its own forecast, Troy City stays above zero through FY2030 if its current levies are renewed and no new one passes.

Cash, June 30, 2026
$20.1M

3.8 months of that year’s spending

Runs short
Not by FY2030

on its own forecast, if its levies are renewed and no new one passes

New levy in the forecast
None

it counts no levy voters have not approved

Troy City Schools on the November 3, 2026 ballot

  1. Property tax, 5.8 mills

    Renewal Schools

    Current expenses · 5 years · from 2026

    Continues a levy already on the bill. If it passes, the levy keeps going as it is today; if it fails, it ends when its current term runs out. Troy City sits at Ohio’s 20-mill floor on the state’s 2025 rates, so its operating levies, this one among them, are no longer cut when homes are revalued: what they collect rises with values, which a 2025 law holds to inflation.

How its earlier votes went: since March 17, 2020, voters have decided 9 Troy City Schools tax issues — 6 passed and 3 failed. Renewals passed 5 of 6; of the issues asking for new money, 1 of 3 passed.

Every tax issue on the ballot in Miami County →

Troy City: cash, unencumbered, unreserved — four different balances

The forecast has four balance lines, and each is the one before it with something taken away or added. They are easy to mix up, and they are not the same number.

Line ActualFY2026 BudgetFY2027 ForecastFY2030
07.020 Cash balance at June 30Everything in the general fund's account at the end of the year. 20,091,929 18,013,475 3,724,896
08.010 Already committedEncumbrances: purchase orders and contracts signed, not yet paid. − 764,855 − 700,000 − 700,000
10.010 Unencumbered balanceWhat is free to spend. The state calls it the fund balance for certification of appropriations. 19,327,074 17,313,475 3,024,896
11.300 Renewal leviesExisting levies the district expects voters to renew, added year by year. + 0 + 0 + 3,959,512
12.010 With renewalsThe balance if every renewal passes and nothing new does. 19,327,074 17,313,475 6,984,408
15.010 Unreserved fund balanceThe state's bottom line. In a forecast year it counts any new levy above as if it had passed. 19,327,074 17,313,475 6,984,408

Swipe sideways for more columns.

For past years the state asks for no renewal or new-levy money, so the unencumbered and unreserved balances are the same; cash is larger by what is already committed and set aside. In a forecast year the unreserved balance counts any new levy as if it had passed.

Troy City’s forecast, line by line

Each line as Troy City filed it with the state, in the state’s own format. Tap or hover over a line to see what it means.

Forecast line and description ActualFY2024 ActualFY2025 ActualFY2026 Current year budgetFY2027 Forecast year 1FY2028 Forecast year 2FY2029 Forecast year 3FY2030
01.010 General Property Tax (Real Estate)

Property tax on land and buildings — homes, farms and businesses — from levies voters have already approved.

19,072,351 19,489,018 21,279,933 20,945,153 21,222,162 21,943,203 22,554,461
01.020 Tangible Personal Property Tax

Property tax on the equipment of utilities, such as power lines, pipelines and power plants.

1,820,500 2,053,157 2,372,758 2,640,155 2,599,475 2,557,471 2,674,483
01.030 Income Tax

The school district income tax its residents pay on their earnings, where voters have approved one.

14,056,900 15,174,665 15,648,069 15,927,503 16,166,416 16,408,912 16,655,046
01.035 Unrestricted Grants-in-Aid

State aid the district may spend on anything — mostly Ohio's school funding formula.

15,228,137 15,416,591 15,976,255 16,250,626 16,254,255 16,257,929 16,261,646
01.040 Restricted Grants-in-Aid

State aid that must be spent on set purposes, such as help for pupils from low-income families.

1,744,070 1,652,940 1,405,771 1,212,129 1,212,129 1,212,129 1,212,129
01.050 State Reimbursement for Property Tax Credits

The part of homeowners' property tax the state pays for them: the 10% and 2.5% rollbacks and the homestead exemption.

2,075,129 2,120,801 2,394,782 2,872,149 3,024,790 3,135,819 3,423,936
01.060 All Other Operating Revenue

Everything else that comes in: fees, tuition from other districts, interest, rentals and gifts.

3,549,081 3,315,618 3,273,086 3,128,518 3,036,190 2,954,830 2,883,357
01.070 Total Revenue

All of the revenue above, added together.

57,546,168 59,222,790 62,350,654 62,976,233 63,515,417 64,470,293 65,665,058
02.040 Operating Transfers-In

Money moved into the general fund from the district's other funds.

508 2,806 1,773 0 0 0 2,806
02.050 Advances-In

Money the general fund lent to the district's other funds, coming back.

811,654 658,540 18,029 46,110 0 0 0
02.060 All Other Financing Sources

One-off money, such as refunds of past spending or the sale of property.

8,550 15,431 18,270 0 0 0 0
02.070 Total Other Financing Sources

All of the other money coming in, lines 2.010 to 2.060, added together.

820,712 676,777 38,072 46,110 0 0 2,806
02.080 Total Revenue and Other Financing Sources

Everything coming in for the year: revenue plus other money coming in.

58,366,880 59,899,567 62,388,726 63,022,343 63,515,417 64,470,293 65,667,864
03.010 Personal Services - Employee Salaries & Wages

Salaries and wages for teachers and every other employee.

31,670,897 34,058,218 36,029,684 37,529,507 38,732,623 39,926,540 41,062,645
03.020 Employees' Retirement and Insurance Benefits

The district's share of staff pensions (STRS and SERS), health insurance, Medicare and workers' compensation.

13,295,786 14,221,595 14,683,732 15,128,394 15,702,162 16,286,167 16,891,823
03.030 Purchased Services

Services bought from outside: utilities, repairs, contracted services and tuition paid for pupils taught elsewhere.

7,715,246 8,129,248 8,738,646 9,005,453 9,249,467 9,500,507 9,758,778
03.040 Supplies and Materials

Textbooks, classroom supplies, fuel, food and other things the district buys.

1,013,373 1,062,909 1,320,290 1,359,899 1,400,695 1,442,716 1,485,998
03.050 Capital Outlay

Equipment, buses and building improvements paid for from the general fund.

135,498 1,067,916 1,248,706 1,282,367 1,317,422 1,353,941 1,391,991
04.050 Principal-HB 264 Loans

Repaying loans for energy-saving building work (House Bill 264).

88,625 25,321 0 0 0 0 0
04.300 Other Objects

Other costs, such as the county's fees for collecting its taxes, audits, elections, insurance and memberships.

681,473 669,885 750,174 765,177 776,409 784,173 788,094
04.500 Total Expenditures

Everything the district spends in the year, lines 3.010 to 4.300, added together.

54,600,898 59,235,092 62,771,232 65,070,797 67,178,778 69,294,045 71,379,330
05.010 Operational Transfers-Out

Money moved out of the general fund to the district's other funds, such as food service or athletics.

2,471 0 60,000 30,000 30,000 30,000 30,000
05.020 Advances-Out

Money the general fund lends to the district's other funds for a while.

658,540 18,029 46,110 0 0 0 0
05.040 Total Other Financing Uses

All of the other money going out, lines 5.010 to 5.030, added together.

661,011 18,029 106,110 30,000 30,000 30,000 30,000
05.050 Total Expenditures and Other Financing Uses

Everything going out for the year: spending plus other money going out.

55,261,909 59,253,121 62,877,342 65,100,797 67,208,778 69,324,045 71,409,330
06.010 Excess Of Revenues and Other Financing Sources over (under) Expenditures and Other Financing Uses

The year's result: money in minus money out. A number in brackets means the district spent more than it took in.

3,104,971 646,446 (488,616) (2,078,454) (3,693,362) (4,853,752) (5,741,466)
07.010 Beginning Cash Balance July 1 - Excluding Proposed Renewal/Replacement and New Levies

Cash in the general fund on July 1, the start of the school year — last year's ending cash.

16,829,128 19,934,099 20,580,545 20,091,929 18,013,475 14,320,113 9,466,362
07.020 Ending Cash Balance June 30 - Excluding Proposed Renewal/Replacement and New Levies

Cash on June 30, the end of the year: the starting cash plus the year's result, before any renewal or new levy.

19,934,099 20,580,545 20,091,929 18,013,475 14,320,113 9,466,362 3,724,896
08.010 Estimated Encumbrances June 30

Money already committed: purchase orders and contracts signed but not yet paid.

1,035,332 1,193,856 764,855 700,000 700,000 700,000 700,000
10.010 Fund Balance June 30 For Certification of Appropriations

What is free to spend: the ending cash less money already committed and money set aside — often called the unencumbered balance.

18,898,767 19,386,689 19,327,074 17,313,475 13,620,113 8,766,362 3,024,896
11.010 Income Tax - Renewal

An existing income tax the district expects voters to renew. Not yet voted on.

0 0 0 0 0 0 0
11.020 Property Tax - Renewal or Replacement

Existing property tax levies the district expects voters to renew or replace. Not yet voted on.

0 0 0 0 866,143 1,546,684 1,546,684
11.300 Cumulative Balance of Replacement/Renewal Levies

The renewals above, added up year after year.

0 0 0 0 866,143 2,412,828 3,959,512
12.010 Fund Balance June 30 For Certificates of Contracts Salary Schedules, and Other Obligations

The balance if every renewal passes and nothing new does.

18,898,767 19,386,689 19,327,074 17,313,475 14,486,256 11,179,189 6,984,408
13.010 Income Tax - New

A new income tax the district has written into its forecast. Not yet voted on.

0 0 0 0 0 0 0
13.020 Property Tax - New

A new property tax levy the district has written into its forecast. Not yet voted on.

0 0 0 0 0 0 0
13.030 Cumulative Balance of New Levies

The new levies above, added up year after year.

0 0 0 0 0 0 0
15.010 Unreserved Fund Balance June 30

The state's bottom line: the balance with renewals and new levies counted as if voters approve them.

18,898,767 19,386,689 19,327,074 17,313,475 14,486,256 11,179,189 6,984,408
20.010 Kindergarten - October count

Kindergarten pupils enrolled, counted each October.

319 313 303 303 295 291 287
20.015 Grades 1-12 - October count

Pupils in grades 1 to 12, counted each October.

3,656 3,564 3,499 3,499 3,449 3,424 3,399

Swipe sideways for more columns.

Dollars, except the two enrolment lines (20.010 and 20.015), which are pupils. A line that is zero in every year is left out, as the state’s report leaves it out — except the renewal and new-levy lines (11 and 13), which are always shown, because a zero there is the answer.

Troy City’s levies, spending and test scores →

Another county or district

From the Ohio Department of Education and Workforce’s bulk forecast files — the filings its Forecast Submissions report shows one district at a time, to the dollar. A county’s figures are the traditional districts the state files under it, added together; Ohio’s are all of them. Each district writes its own forecast, and nothing here is estimated. The 49 career centers file their own forecasts and are listed under their home county, but are in no total: each serves several counties.