District faces fiscal crisis as funding options dwindle
October 18, 2024 | Milford Exempted Village, School Districts, Ohio
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The conversation turned to the district's reliance on property tax levies, with a focus on the implications of House Bill 920, which restricts school districts from benefiting from increased property values. Despite voters approving a total of 79.75 mills in levies, the district currently collects only 30.38 mills due to this legislation. The last operational levy was passed in May 2013, and officials indicated that a new 1% earned income tax is critical to avoid further cuts and maintain educational offerings.
The proposed earned income tax could stabilize the district's finances, potentially eliminating the need for additional operational levies in the foreseeable future. However, if the tax fails, the district anticipates severe reductions, including the potential closure of grade-banded schools, cuts to high school and junior high programs, and significant layoffs affecting up to 40 teaching positions. Transportation services would also be impacted, with students facing longer walk distances to school.
Officials emphasized that all proposed cuts are purely financial decisions, not reflective of the quality of education or the needs of students and families. The discussion also included the potential implementation of a tiered pay-to-play system for extracurricular activities, which could further strain family finances. Current participation rates in sports and arts programs are already declining, with neighboring districts experiencing similar trends.
The meeting underscored the urgent need for community support to address the district's financial crisis and maintain its educational standards. As the district navigates these challenges, the implications for students, families, and the broader community remain significant.
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