City plans tax reduction as levy expiration threatens future funding

The Perrysburg Board of Education held a special meeting on December 12, 2024, where significant discussions centered around the upcoming expiration of a five-year incremental levy and its implications for local homeowners and school funding. Starting January 1, 2025, the district will cease collecting approximately $13.4 million from this levy, resulting in an estimated tax reduction of about $28 per month for homeowners with properties valued at $100,000.

While this reduction may provide immediate financial relief to residents, board members emphasized that the district is not yet in a stable position. The board's financial plan, discussed in a previous meeting on October 8, relies on one-time funds from the district's cash balance to navigate the remainder of the fiscal year without implementing midyear budget cuts. However, they cautioned that the district faces a critical juncture ahead.

The board outlined that $6 million in budget cuts are necessary to sustain operations into the next year. If a new levy is not successfully passed in the upcoming election, the district may have to make further reductions, potentially impacting educational programs and services. The urgency of the situation was clear, as board members noted that the current financial strategy is not sustainable without additional funding.

In conclusion, while homeowners can look forward to a tax decrease, the board's discussions highlighted the pressing need for community support in future levy proposals to ensure the continued quality of education in Perrysburg. The board will continue to engage with residents about the importance of funding for local schools as they prepare for the challenges ahead.