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Tipp City board approves tax rates, $302,893.40 maintenance transfer and appropriation amendments
Summary
The Tipp City Exempted Village Board on Jan. 27 approved the district's 2025 tax rates as set by the Miami County Budget Commission, passed fiscal-year 2026 appropriation amendments to cover construction GMP 1.3 costs, and authorized a $302,893.40 transfer to the OFCC maintenance fund.
The Tipp City Exempted Village Board of Education on Jan. 27 approved a set of finance actions intended to keep the district’s building program and operations on schedule.
In the treasurer’s report, Treasurer Mister Stevens warned the board that arbitrage earnings on construction proceeds will require monitoring and likely repayment to the federal government. “Arbitrage is the money that you earn above and beyond the interest rate that you got for your tax free loans,” Mister Stevens said, and…
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