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Fairborn treasurer warns Ohio budget change could sharply cut school property-tax revenue

3461770 · May 5, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Mike Filo, the Fairborn City Schools treasurer, told the board May 1 that a provision passed by the Ohio House as part of the state budget could sharply cut the district’s property-tax collections by tying state collections to school districts’ cash balances.

Mike Filo, the Fairborn City Schools treasurer, told the board May 1 that a provision passed by the Ohio House as part of the state budget would tie property-tax collections to school districts’ cash balances and could “take that money away from the schools.”

Filo presented the district’s required five-year forecast and said he modeled a worst-case scenario to show how the proposed change might affect Fairborn’s finances. “Property tax owners in Fairborn would see a 67% decrease in their taxes,” he said, adding that collections “would go from 1,400 to $462” under the House measure as he calculated it for the district.

The forecast the treasurer presented included several illustrative line items: a placeholder for a proposed 4-mill operating levy in November 2027, a $5 million maximum exposure shown for a new middle school (modeled as $2.5 million in each of two years), and a $750,000 placeholder this year for transfers to the district’s permanent-improvement account to fund urgent work such as new boilers for the Park Hills building. Filo also modeled double-digit…

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