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Troy schools monitor House budget proposal that would limit school cash carryover to 30%
Summary
Board review of March finances and discussion of an Ohio House budget provision that would cap districts' carryover at 30% and could prompt county adjustments to tax collections; Troy currently reports about a 36% carryover.
The Troy School District board on April discussed the district's finances and a recently passed Ohio House budget proposal that would limit school districts' allowable cash carryover to 30% and could give county boards authority to reduce next year's tax collections for districts that exceed that threshold.
District staff told the board the House proposal, as voted out, would cap carryover at 30% and, for districts above the cap, transfer decision-making to county-level boards of revision to reduce next-year tax collections to meet the…
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