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Buckeye Valley board hears how House bill 96 and property-tax changes could cut district revenue
Summary
Board members and district staff were briefed on proposed state budget changes in House Bill 96 and a separate property-tax reform proposal that, if enacted as discussed in the meeting, could reduce Buckeye Valley’s property-tax revenue by about $5 million annually and change how local levies are calculated.
Buckeye Valley Board of Education members heard a detailed briefing on state budget and tax proposals that the district’s speakers said could materially affect local revenue, including a possible $5 million annual reduction from a property-tax reform proposal and multiple changes contained in House Bill 96.
The issue came up during the treasurer’s monthly report and later in a separate legislative update from board member Mary Kate. The treasurer said a recently introduced property-tax reform proposal would “cut Buckeye Valley by $5,000,000 a year” if enacted in the form the board reviewed, and that the legislature must finish the budget by June 30. Mary Kate summarized the substitute budget that the Senate passed and the…
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