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Treasurer warns Ohio property‑tax reforms could cut CPS revenue; board told to watch for governor action
Summary
Treasurer Guston briefed the board on four pending Ohio bills (HB 129, HB 309, HB 186, HB 335) that would change levy structures, permit county budget commissions to reduce levies, and cap reappraisal growth to a GDP deflator; preliminary legislative estimates show potential multi‑million dollar losses to the district.
Treasurer Guston gave a detailed briefing Dec. 8 on pending Ohio property‑tax legislation that could materially affect Cincinnati Public Schools’ revenue.
Guston told the board that a majority of CPS revenue depends on property taxes and outlined four bills under consideration in Columbus. He summarized key provisions: HB 129 would preserve a limited 'fixed-sum' option to replace emergency levies…
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