Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Perrysburg forecast shows roughly $11 million swing after state tax changes, treasurer warns
Summary
Treasurer Randy Dreier told the Perrysburg Board the district's five-year forecast shifted about $11 million toward a deficit after recent state tax law changes; he estimated a roughly $2 million local property-tax revenue loss and described planned budget updates and personnel adjustments.
Treasurer Randy Dreier told the Perrysburg Board of Education that the district's five-year forecast has moved by about $11,000,000 since the October projection, a change he tied to recent state legislation.
"That $11,000,000 shift is due to the bills that the governor signed in December," Dreier said, framing the change as mostly tied to property-tax calculation changes contained in several House bills.
Why it matters: Dreier said the district has seen a seasonal cash balance decline "of about $7,000,000" between July and January and that the February payroll will reduce available cash by another roughly $5,000,000. He said the district is operating with normal year‑end seasonality but is watching timing of tax advances…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
