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Troy schools approve three-year forecast, file multiple valuation complaints with county auditor
Summary
The board adopted a conservative three-year financial forecast pending state tax-rule guidance and approved several resolutions to file complaints challenging 2025 property valuations; trustees also approved routine financial reports and transfers.
The Troy City Schools Board of Education on Monday approved a three-year financial forecast and a package of resolutions authorizing the district to file formal complaints with the county auditor over several 2025 real-property valuations.
A district finance official told the board that the Ohio Department of Taxation had not yet published the formula required by recent state bills, so the board adopted a conservative forecast for fiscal years ending June 30, 2026'2029. The official said unrestricted state foundation money increased by about $240,000 in the updated figures while restricted aid decreased roughly $270,000 and salaries rose about $690,000 from earlier projections.
The board also approved multiple resolutions to file valuation complaints on recently sold parcels so the county auditor will review sale documentation and related records. The presenter said the filings are intended to obtain bills of sale and other details (equipment, fixtures and furnishings) that the district does not currently have and that may affect valuations.
Board members approved the February financial report and several routine motions by roll call. On one personnel-related valuation motion the meeting recorded an abstention. The district indicated it will revisit projections when the Department of Taxation releases its methodology.
The board voted to submit the valuation challenges and asked administration to return with updates once the auditor or legal counsel provides additional information.
