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Monroe Local treasurer warns of $4.8 million hit from property-tax changes; board calls for public education
Summary
Treasurer Miss Moore told the Monroe Local School Board the district's February forecast shows an estimated $4.8 million loss through 2030 from recent property-tax reforms, prompting calls from board members for greater public outreach and coordination with neighboring districts.
Miss Moore, the district treasurer, told the Monroe Local School Board on Feb. 23 that the district's February fiscal forecast shows a projected loss of about $4,800,000 through 2030 tied to recent property-tax reforms and related legislative activity. The board accepted the treasurer's consent agenda and heard the forecast during the regular meeting.
Why it matters: the treasurer's modeling shows that changes to how local property-tax millage is calculated and potential further reforms would reduce the district's property-tax revenue over the coming years and could push the district into a spending deficit around 2028 unless managed. The forecast combines the district's revenues, existing fund balance and projected expenditures and incorporates known legislative changes to date.
What the…
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