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Auditors and Taxpayer Groups Urge Fix to 20‑Mil Floor, Proponents Say Bill Caps Inflationary Growth
Summary
Proponent witnesses told the House Ways and Means Committee that House Bill 186 would limit unvoted, inflation‑driven growth in property‑tax revenues for districts at the 20‑mil floor by tying allowable revenue growth to inflation between valuation updates.
Proponent witnesses told the House Ways and Means Committee that House Bill 186 would limit unvoted, inflation‑driven growth in property‑tax revenues for districts at the 20‑mil floor by capping allowable revenue growth to the cumulative rate of inflation between mandated valuation updates.
Chris Klein, chief deputy auditor for Lawrence County and a representative of the County Auditors Association of Ohio, described the statute commonly known as House Bill 920 and said the 20‑mil floor now affects more than 75% of Ohio school districts. Klein said the current interaction between rising market…
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