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Goshen treasurer warns of multimillion-dollar hit as state property-tax reform unfolds
Summary
District treasurer presented a five-year forecast showing a drop in state foundation payments and simulations that could cost the district millions between 2026 and 2028; board agreed to gather data, meet legislators and delay major budget choices until May.
The Goshen Local Board of Education heard a detailed fiscal briefing Monday night in which the treasurer warned that recent state property-tax reform and property revaluations have materially reduced the district’s state foundation payments and could require near-term planning changes.
The treasurer told the board the district’s foundation receipts for the 2024–25 year totaled about $21,400,000 and that a February payment showed a decline to roughly $20,000,003.85 — a fall the treasurer…
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