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Troy board backs county plan to cut bond millage for one year and approves related tax resolutions
Summary
The Troy School District board voted to support a county-led one-year reduction in voted bond millage and approved related tax resolutions, saying the plan would reduce about 1.26 mills and save roughly $40 per year on a $100,000 home if implemented and authorized by voters.
The Troy School District board on the regular meeting approved a set of tax-related resolutions, including a directive asking the Miami County auditor to implement a one-year reduction of voted bond levies for tax year 2025 and formal steps to place renewal questions before voters.
District fiscal staff identified as Jeff told the board the county proposal would reduce about 1.26 mills across the district’s two bond issues, producing an estimated $40 per year saving for a homeowner with a…
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