CMSD Board of Education Meeting - June 23, 2026

The Cleveland Metropolitan School District Board of Education held a business meeting on June 23, 2026, focusing extensively on budget presentations and financial resolutions for the 2026-2027 fiscal year. Chief Financial Officer Kevin Stockdale presented the district's budget, highlighting ongoing deficit reduction efforts, savings targets, and the impact of expiring federal ARP ESSER funds. The board approved final appropriation adjustments for FY26 and adopted the FY27 annual appropriation measure. Additionally, the board authorized the issuance and sale of bonds totaling up to $220 million for school construction and improvements, as well as an $81.89 million bond refunding to reduce interest costs and accelerate debt repayment. These bond issuances were supported by municipal advisors Baker Tilly and bond counsel Squire Patton Boggs. The meeting also included discussions on the district's efforts to maintain arts and athletic program access despite budget constraints, with investments in musical instruments and scheduling improvements. The board approved several resolutions related to non-renewal of employment contracts for school-based administrators. Overall, the meeting emphasized fiscal responsibility, capital improvement financing, and maintaining program access amid financial challenges.