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Marysville board approves forecast as treasurer warns ‘We have a revenue problem’ after state tax changes
Summary
Treasurer Todd Johnson told the Marysville Exempted Village School District board that House Bills 186 and 129, along with formula changes and a preschool mandate, will depress revenue and create multi‑year operating deficits; the board approved the February financial forecast and plans updates after state calculations in April.
The Marysville Exempted Village School District board on Thursday approved the district’s February financial forecast after Treasurer Todd Johnson warned the changes in recent Ohio legislation would sharply reduce local school revenue.
Johnson told trustees the forecast reflects immediate impacts from House Bill 186 and House Bill 129 and related changes to tax rollback and reappraisal rules. He said the district is projecting persistent operating deficits across the forecast and that the district faces “a revenue problem.”
“The biggest impact to that cash balance and why you see it drop so quickly is House Bill 129 and House Bill…
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