School Board President Bob Vasquez plans to announce the review at a 10:30 a.m. press conference Thursday morning.
The district's five-year forecast, required by law, will be presented to the school board's finance committee on Oct. 20 and to the full board for approval at its Oct. 26 regular meeting.
Projections of a budget deficit last year caused some consternation because it increased from $30 million to $39 million in the midst of union negotiations.
The budget deficit for next school year has been projected at $44 million.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.