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District finance staff: state property-tax changes will cut Hamilton City Schools’ revenue by about $3.3 million a year
Summary
Finance staff told the Hamilton City School Board that property-tax legislation signed in December will reduce district revenue by roughly $3.3 million per year (up to $3.9 million with a county homestead piggyback) starting in fiscal 2028, driven by CPI caps and retroactive credits tied to the 2023 revaluation.
Mr. Frazier, the district finance presenter, told the Hamilton City School Board that property-tax reform signed by Governor DeWine in December will make an already difficult fiscal picture worse for Hamilton City Schools, reducing local property-tax revenue by about $3.3 million per year — or as much as $3.9 million if the county reenacts a homestead piggyback — beginning in fiscal year 2028.
"This is not good for Hamilton City Schools," Mr. Frazier said during a presentation of the district forecast, explaining the law limits school-district growth tied to reassessments to the consumer-price…
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