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Revere Local board adopts fiscal year 2027 budget amid concerns about county authority under new tax law
Summary
The Revere Local School District Board approved its fiscal year 2027 budget on Jan. 13 after a lengthy presentation by Treasurer Berdine, who warned that recent property tax reform could allow county budget commissions to reduce assessed millage for districts with what counties deem excessive cash balances.
The Revere Local School District Board of Education approved the fiscal year 2027 budget at its Jan. 13 meeting following a detailed presentation and discussion by Treasurer Berdine.
Treasurer Berdine told the board that, while a school budget primarily formalizes tax rates and bond millage for debt retirement, recent state property tax reform legislation has introduced a new uncertainty: "It allows these county budget commissions to reduce assessed millage amounts if...a district is carrying excessive cash balances," he said,…
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