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Middletown City treasurer warns tax reform and enrollment drops could cut $4.2M annually
Summary
The district’s treasurer presented a preliminary FY27 tax budget on Jan. 12, warning property tax reform and statewide enrollment declines could shrink revenue by roughly $1.5M in 2026 and up to $4.2M annually thereafter, pushing cash balances and days of operating reserves down and prompting the board to approve the budget despite the forecasted declines.
MIDDLETOWN, Ohio — The treasurer for Middletown City Schools on Jan. 12 presented a preliminary fiscal year 2027 tax budget that projects substantial local revenue losses tied to recent property-tax changes and falling student enrollment.
“The key tax reform has significantly weakened local revenue capacity,” the treasurer said during a roughly 10–15 minute presentation, warning the district could see a preliminary $1,540,000 revenue decrease in 2026 that could grow to about $4,230,000 annually in later years. The treasurer described those figures as preliminary inputs to a…
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