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Treasurer warns property-tax reform will complicate revenues; board plans levy-options analysis
Summary
The treasurer told the board property-tax reform (credits, 20-mill floor and reappraisal rules) creates revenue uncertainty for the district; trustees agreed to model millage options in the February forecast and consider a levy proposal this year or next.
The district treasurer warned the Cuyahoga Falls Board of Education on Jan. 14 that recent property-tax changes at the state level will complicate forecasting and present revenue risk for the district.
"This is going to be very, very confusing for the taxpayer," the treasurer said, describing credits tied to the year of reappraisal and inflation caps that will reduce some local revenue available to school districts. He explained that some counties can 'piggyback' certain credits, which can amplify reductions for…
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