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Treasurer warns House Bill 335 could cut district property tax revenue; board told income‑tax backup would take time to close gap
Summary
Treasurer Kyle Klingler told the board that proposed state legislation removing 10 inside mills would sharply reduce local property tax revenue and showed scenarios using an earned-income tax to replace part of the loss, but cautioned collections would lag.
Kyle Klingler, the district treasurer, told the board that proposed state legislation known in testimony as House Bill 335 could eliminate 10 inside mills statewide and sharply reduce local property-tax revenue for cities, counties and school districts.
Klingler said his updated five-year forecast shows Ashland’s effective inside mills falling from about 22 mills this year to roughly 18 and 16 in subsequent years — and, if the district only relied on current responses, the forecasted cash balance would end year five about $4.7 million negative under one scenario.
Klingler presented four scenarios to…
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