Board approves amended certificate, large appropriations tied to building projects; tax rates finalized for levy renewal

The Troy School District Board of Education approved an amended certificate of estimated resources and an amendment to appropriations that reflected construction activity and building projects for the 2025–26 fiscal year.

Fiscal staff told the board appropriations were approximately $146,000,000 — a level “twice a normal annual budget” because of the district’s multi-building construction program. Staff reported the first two Guaranteed Maximum Price (GMP) packages had been approved, and contractors were preparing foundations and excavation. The next two buildings (West and South) were in the bidding phase, with district staff expecting to approve their GMPs in a special October meeting. The high-school project was nearing final placement decisions after consultation with the fire department; some site elements may be shifted based on additional fire-department review.

The board also approved tax rates required by Ohio law after certification by the county budget commission; administration said the additional approval relates to a 5.9-mil operating-levy renewal that will appear on the May ballot and, if approved by voters, would expire in 2029. The board approved a “then-and-now” certificate action under Ohio Rev. Code §5705.41 for late-certification expenditures and recorded that audit and appropriation documentation had been reviewed.

Votes on the amended certificate, appropriations and tax rates were taken by roll-call and recorded as approved. Board members were briefed that building work would move into visible above-ground construction in the coming months and that the district’s budget will transfer substantial funds outside the district as construction payments proceed.