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Board hears potential $1.1M local hit from Ohio property‑tax reform; reimbursement resolution proposed
Summary
Treasurer and finance staff told trustees that House Bill 186 could reduce district revenue by roughly $1.1 million under one scenario; administrators proposed a reimbursement resolution (up to $3 million) to preserve capital cashflow and discussed reissuing an 8‑year COPS to reimburse renovation costs.
Board finance staff used the Nov. 10 meeting to outline how proposed state property‑tax changes could affect Goshen Local.
Treasurer and administration summarized House Bill 186 proposals and uncertainties in the Senate, saying the district — at its 20‑mill floor — could see an approximate revenue reduction of $1,100,000 in the scenarios presented. Finance staff explained that the state has proposed to backfill some of the difference for districts but that final legislative language and fiscal impacts remain…
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