The Ashland City Schools Board of Education reviewed a draft of the district's five-year financial forecast at their work session meeting Monday.

Treasurer Gina Deppert presented the draft which shows a projected deficit of $2.6 million in fiscal year 2017.
 

Supt. Dr. Doug Marrah said more work must be done to change the financial forecast.

The board is expected to vote on the final version of the forecast at its next meeting the end of this month.
 

In other business, the board is preparing for a series of meetings regarding the 3.7-mill bond issue plan.

A meeting will be held Oct. 16 at 7 p.m. in the high school in the cafeteria.
 

Marrah said the architect of the new middle school will present floor plans of the building.
 

On Oct. 30, a tour will be given of the existing middle school. 

If voters approve the bond issue on Nov. 6, it would cover the construction cost for a new middle school, a new elementary school, a new auditorium at the high school and the demolition of the existing middle school, Montgomery and Osborn elementary schools and Lincoln Elementary School.
 

The bond issue would cost the owner of a $100,000 home, $113 annually and $85 annually for senior citizens with homestead exemptions.