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Little Miami treasurer presents FY2026 tax budget as board approves plan
Summary
Treasurer Terry reviewed the district's fiscal 2026 tax budget, outlining millage rates, debt-service projections and fund balances; the board voted to approve the tax budget and send it to the county budget commission for certification.
Treasurer Terry opened the Little Miami Local School District's tax-budget hearing by describing the tax budget as "a planning tool" required under the Ohio Revised Code and said it sets estimated millage rates and revenue for fiscal year 2026 (July 1, 2025'June 30, 2026). He reviewed the schedules on the display and answered board members' questions during the public hearing.
The tax budget presented the district's three tax-supported funds: the general fund, the bond retirement (debt service) fund and the permanent improvement (PI) fund. Terry said the general fund is at the 20-mill floor required by state law, the PI fund is a straight 3 mills, and the district's emergency (operating) levy, passed in 2011, is estimated to…
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