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Perrysburg schools present tax-budget outlook, note payoff of 2016 high-school bond
Summary
At a public hearing the district reviewed its tax-budget filing to Wood County, explained forecasting practice and highlighted that a 2016 high-school bond has been paid off, reducing future required collections; the draft will be placed on the organizational agenda for board approval and then submitted to the county.
An annual public hearing on the Perrysburg Exempted Village School District's tax budget opened with a staff presentation on the district's revenue forecast and how it is used in the tax-budget filing that must be submitted to the county by Jan. 20 under the Ohio Revised Code. The presenter said Wood County uses a unique form and that the county's tax budget commission (the county auditor, county treasurer and the prosecuting attorney) can lower levies it deems unnecessary.
The presenter walked the board through the debt-retirement pages and noted the district's 2016 high-school bond shows a $0 collection line because that bond has been paid off; staff said that payoff will reduce required collections going forward. The presentation also explained a 2022 refunding of HPI bonds that produced lower interest costs but left an outstanding balance on a separate HPI series.
Officials described the district's routine of submitting a revenue forecast alongside the tax budget to provide context for county review and noted Wood County staff typically hold a public meeting with district staff each year to discuss estimates. The presenter said the tax-budget commission reviews levy justifications and that the district generally has cooperative, iterative conversations with county officials.
The presenter closed the hearing and said the tax budget will be placed on the organizational meeting agenda for formal board approval this evening and then submitted to the county this week.
