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Finance director reports $37M in general-fund revenue; board advised on tax levy procedure and a potential tax-evaluation complaint
Summary
The finance director told the board the district has received about $37,000,000 in general-fund revenue (down roughly $582,000 year over year), reviewed federal grants (Title I largest), explained House Bill 920 effects on millage, described an annual item to adopt tax amounts and rates, and noted an attorney-identified commercial property that could prompt a tax-evaluation complaint with a March 31 filing deadline.
The district's finance director reported that, "to date, we've received $37,000,000 of revenue in our general fund, down about $582,000 from [this time] last year," and provided an overview of federal grants and a 10-year look at funding trends. The director said Title I is the district's largest grant and described state foundation funding versus local property-tax revenue dating back to 1996.
On appropriations and spending, the director said the district is approximately 66% through the fiscal year and had spent about 64% of appropriations, noting investment income is declining and February's interest returns were the lowest recorded in the period discussed. The director also reported February expenses were roughly $5,000,000 — about $900,000 more than the same month last year — and said some of that increase is timing-related.
As an annual procedural matter the director described the process to accept tax amounts and rates as determined by the Portage County Budget Commission, noting that the general-fund outside tax rate verbiage appears as "102.5 mills" (not the effective rate) and explaining House Bill 920's implications for millage calculations. The district's attorney, the director said, had identified one commercial property whose recent arms-length sale could warrant pursuing a tax-evaluation increase; a certified notice has been mailed to the property owner, and the deadline to file a complaint for tax year 2025 was stated as March 31.
The transcript records the presentation and these notices; no formal board vote on the tax amounts or the tax-evaluation complaint is recorded in the provided segments.
