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Treasurer warns tax reform and state funding shifts could cut millions; board adopts five-year forecast
Summary
Treasurer Roberts told the Canal Winchester Local board that state funding changes and proposed tax legislation (House Bill 186) and the potential loss of the district—s emergency levy would sharply reduce revenue over the five-year forecast; the board approved the forecast by roll call.
Treasurer Roberts presented a revised five-year forecast at the Oct. 13 Canal Winchester Local School District board meeting and warned that pending state legislation and reappraisal-driven local capacity growth could reduce state and local revenues by millions.
Roberts said the district has moved from being on the state funding formula to being on the 2020 guarantee because of enrollment, local capacity and unchanged base costs. He told the board that if the base cost is not adjusted, local property-value growth will push districts back toward a 2020 guarantee and reduce state aid per pupil. "If they were not to change the base cost in the next biennium budget...the state share would go from…
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