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Tipp City board approves draft alternative tax budget amid uncertainty from state property-tax changes
Summary
The board approved an alternative tax budget for fiscal year 2027 as a draft and authorized the treasurer to request advances of tax collections, while staff warned that recent state property-tax changes and county auditor adjustments leave revenue estimates uncertain until February certification.
The Tipp City Exempted Village Board of Education voted to approve a draft alternative tax budget for fiscal year 2027 and passed a resolution enabling the district to request advances of tax collections from the Miami County treasurer. The actions were described by board staff as compliant with statutory timing but provisional pending certified tax numbers.
During the treasurer’s report, the treasurer said the district prepares the alternative tax budget by carrying forward current budget figures, estimating encumbrances, and using the district’s multi-year forecast for the general fund. He cautioned that recent state-level changes to property tax law and a county auditor adjustment that reduced a bond-related millage will alter collections for the district’s FY2027 and create uncertainty in early forecasts. "We don't know what's going to happen with all the changes that the state made for collections," the treasurer said, adding that county-certified numbers are expected in February and will drive revisions.
Board members asked how approval today would affect compliance; the treasurer said filing the alternative tax budget meets statutory requirements and that the document will be revised when the county and state provide certified numbers. The board recorded a 4-0-1 vote on the alternative tax budget (one member abstained as transcribed) and unanimously approved a separate resolution authorizing requests for tax-collection advances to provide earlier access to cash ahead of final remittance schedules.
The treasurer said advances typically begin in late January and continue through February, with full finalization sometimes delayed to March, and that the county auditor determines amounts available to advance. Trustees asked that staff post forecast updates and supporting documents promptly so members can review figures before monthly meetings.
Next steps: staff will revise the alternative tax budget after county/state certification (expected in February) and present updated forecasts to the board for the February meeting; permanent appropriations will be adopted later in the normal cycle (staff noted traditional temporary appropriations in June with final/permanent appropriations timing discussed).
