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Buckeye Valley warns of multi‑million dollar shortfall after state property‑tax changes
Summary
District officials told the board the state’s recent property‑tax reform will reduce local revenue by an estimated $5.0 million in fiscal 2027 and another $3.35 million in 2028, pushing the district’s five‑year forecast into a larger projected deficit and prompting the board to adopt the forecast as presented.
Buckeye Valley Local School District officials told the board on Tuesday that state property‑tax changes will significantly reduce district revenue over the next two fiscal years and beyond.
"We anticipate that we will lose $5,000,000 next year in fiscal year 2027," Speaker 2 said during a presentation on the district’s five‑year forecast, adding an additional projected loss of about $3,350,000 in fiscal 2028. The board reviewed a forecast that shifted the district’s five‑year ending reserve from a…
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