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Treasurer: New state bills likely to constrain millage growth; Ravenna currently ahead in forecast
Summary
Ravenna School District treasurer warned that several recently passed House bills will cap valuation growth at 9% and expand county authority over levy collections, but said the district's five-year forecast currently shows $462,000 more revenue and a rising cash balance.
The Ravenna City Board of Education heard a treasurer's update on state legislation and the district's financial forecast during its regular business meeting. The treasurer framed several bills as potentially limiting local tax growth and affecting surrounding districts while saying Ravenna is not immediately impacted.
"For the first 1 is house bill 1 29," the treasurer said, describing it as implementing a "20 Mil Floor" calculator; the treasurer said Ravenna "isn't at the 20 Mil…
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