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Marion board approves forecast, flags revenue risk from state property-tax changes
Summary
Treasurer presented an updated forecast showing multi-year revenue pressure tied to recent property-tax reform; the board approved the forecast and discussed staff reductions, levy dependence and public education on what a '20-mil floor' and millage mean.
The Marion City Schools Board of Education on Feb. 17 approved a revised budget forecast that projects lower revenue over the next several years and lays out a process for staffing reductions and outreach to unions and affected employees.
Julie (the district treasurer) told the board the district expects to lose roughly $790,000 a year because of recently enacted property-tax reform bills — a decline she said amounts to “over $2,000,000” across the multi-year forecast. She said district revenue remains heavily state-reliant, roughly 76% from the state and about 20% from local sources, while 82% of expenditures are…
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