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Tipp City board warned proposed state budget changes could cut roughly $814,000 in local school funding
Summary
At a Tipp City Exempted Village work session, district staff and board members reviewed proposed Ohio budget changes — including House Bill 96 and Senate Bill 22 — and discussed potential cuts, reserve rules and the effects of expanded school vouchers on local revenue. Staff cited an estimated $814,000 illustrative reduction under one proposal.
District staff and board members at a Tipp City Exempted Village work session spent the meeting examining how several pending state measures could change local school revenue, forecasting and levy dynamics.
Aaron, a district staff member who led the briefing, told the board that property reappraisals across Ohio have produced 25%–35% valuation increases in many counties and that legislators are considering a range of bills to respond to taxpayer concerns. He summarized one proposal in House Bill 96 as using a cash-balance calculation (now commonly 30% of general-fund expenses) to determine whether a district is holding more funds than permitted and authorizing the county budget commission to reduce tax collections accordingly. "If you have more than $9,000,000 in your general fund, you have too much money, so we're going to have the county budget commission…
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