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Columbus Schools Edge Closer to Financial Stability | Columbus News
Columbus City Schools is still on a rocky financial path, projected to run out of cash by 2030 despite slashing $50 million last year. This year alone, they’ll spend $50 million more than they bring in — but there’s hope: revenue is growing faster than expenses, more than twice as fast, and the district is actively slowing deficit spending. Still, more cuts loom, as key revenue gains come from state funding tweaks and investment earnings, while local tax income drops $20 million due to lower property valuations. Expenses are rising too, driven by payroll hikes including a 2% COLA — all after…
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