Senator Reynolds discusses Ohio school funding and property tax relief strategies

A significant discussion on school funding and property taxes dominated the Canal Winchester Local School District Board Meeting on July 14, 2025. State officials highlighted a $1.4 billion increase in state formula aid for education, marking a 6.2% rise over the fiscal year 2024-2025 biennium. This brings the total investment in public schools to nearly $24 billion, with nearly $1 billion allocated specifically for public school aid.

However, the conversation quickly shifted to the pressing issue of rising property taxes, which have surged by 30-40% in some areas, causing frustration among residents. The state is grappling with how to address these concerns while ensuring adequate funding for schools, as property taxes are a crucial component of school financing.

State officials warned that if property taxes are not addressed, voters may push for drastic measures, including a ballot initiative to eliminate property taxes altogether, which would severely impact school funding. The officials emphasized the need for collaboration between lawmakers and school boards to find solutions that provide relief to taxpayers while maintaining school funding.

The meeting also touched on the complexities of the school funding formula, which has led to discrepancies in funding across districts. Some districts, particularly those with high carryover balances, have faced scrutiny for not utilizing their funds effectively. A proposal to cap carryover balances at 40% was discussed but ultimately vetoed by the governor, leaving the future of property tax relief uncertain.

As the state prepares for a potential override of the governor's vetoes, local officials are urged to engage in meaningful discussions to address these critical issues. A tele town hall meeting is scheduled for the following day to further explore property tax concerns and gather input from county auditors and constituents. The outcome of these discussions could shape the future of school funding and property tax policies in Ohio.