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Ross Local board: new state laws could cut $1.2 million from district revenue next year
Summary
The Ross Local School District treasurer told the board the district expects a net loss of about $1.2 million in FY27 because of recently signed state property-tax changes, and warned losses could grow; a community town hall with state officials is set for March 19.
Ross Local School District officials warned the board on Feb. 19 that recent state property-tax legislation and changes to school funding could shrink the district’s revenue and push the district into earlier deficit spending.
Treasurer (presented at the Feb. 19 board meeting) told the board the combination of the governor’s biennial budget failing to complete the Fair School Funding phase-in and several December property-tax bills will limit future growth on reappraisals and include a clawback of money districts previously received. He said the district projects a net loss of about $1,200,000 in fiscal year 2027 after a one-time hold-harmless payment, and cautioned the district could lose an additional roughly $2 million in later years if the laws remain unchanged.
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