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CPS warns House Bill 186 could cut millions by retroactively limiting property‑tax growth
Summary
Board and finance staff at Cincinnati Public Schools told a retreat Oct. 11 that a proposed change in Ohio law, substitute House Bill 186, could retroactively reduce local tax revenue growth tied to the 20‑mill floor and cost the district tens of millions of dollars.
Cincinnati — Cincinnati Public Schools officials told the board Oct. 11 that a proposed Ohio law change could retroactively shrink property‑tax growth that currently benefits some districts and sharply reduce CPS revenue if enacted.
Treasurer Dustin Augustine and other administration officials described substitute House Bill 186 as a looming fiscal risk: the draft bill would limit the amount local property tax receipts could grow after reappraisals, capping growth at an inflation measure and (administrators said) applying that limit retroactively if…
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