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Perrysburg finance staff outlines levy options and four- to five-year cash projections
Summary
Finance staff presented scenarios showing a $14 million levy would stabilize district finances for several years, compared property and earned/traditional income tax options and warned that state funding changes could materially alter projections.
Perrysburg Exempted Village finance staff briefed the Board of Education on March 5 about levy options and multi-year cash projections, including a scenario that assumes a $14 million levy.
A finance presentation showed that a $14 million property-tax levy (about 9.92 mills under current valuation in the staff scenario) would generate a projected positive cash balance through the five-year window the staff modeled. Staff warned that shifting some revenue to an income tax would delay full collections and that an earned-income tax…
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