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Treasurer warns of property-tax uncertainty, projects interest earnings to offset bond costs
Summary
The Canal Winchester treasurer warned the board that a county reappraisal and pending state tax-reform bills could significantly reduce property-tax revenue and that invested bond proceeds may provide about $1 million in interest to partially offset capital costs.
The Canal Winchester Local School District treasurer on Monday told the board that while some revenue lines look stable, the district faces short-term uncertainty tied to a Fairfield County reappraisal and several state proposals on property-tax reform.
"The biggest thing for us on this forecast in this current year is the property taxes," Treasurer Nick said. He said the county’s reappraisal could affect bills issued in January or February and that proposals in the Ohio…
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