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West Geauga board hears forecast showing potential $835,000 loss if county adopts piggyback exemption; levies and state bills could reshape revenue
Summary
District treasurer and administrators presented the October five-year forecast, warned of potential local revenue losses tied to House Bill 96 provisions and other pending legislation, and outlined levy expirations and contingency steps.
During the board meeting, district finance staff presented an updated October forecast and walked trustees through potential revenue changes tied to recent and pending state legislation that could affect property-tax reimbursement and levy calculations.
The treasurer said House Bill 96 includes a provision known as the piggyback tax exemption that would allow county commissioners to grant an additional homestead/homeowner rollback credit; if the county implements that double credit without state reimbursement, the district stands to lose about $835,000 annually. "That's going to be about $835,000 annually, and it will stay in place until they rescind it," the treasurer said, adding the county commissioners had until Oct. 31 to act.
Staff outlined other bills under consideration. They described a…
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