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Miami East board approves financial reports and tax-rate certifications; treasurer warns House Bill 186 may change future rates
Summary
The Miami East Local Board approved February and March financial items and certified tax rates for tax year 2026 (to be collected in 2027). The treasurer reported higher revenues from tax advances and cautioned that House Bill 186 could require a supplemental rate certificate later this year.
The Miami East Local Board of Education voted to approve the February 24 meeting minutes, the March 2026 financial statements and the district’s tax rates and amounts for tax year 2026 to be collected in 2027.
Treasurer (presenting the consent agenda) said total fiscal-year-to-date revenues were $18,249,516, about $4.9 million higher than a year earlier because the district requested tax advances from the Miami County Auditor’s Office. "Our revenues are at 81.8% of our estimated revenue and our expenditures are at 69.5% of our appropriated expenditures," the treasurer said, summarizing the packet figures and noting timing differences on income-tax settlements and other operating revenues.
On the tax-rate certificate, the treasurer told the board that the county budget commission’s figures reflect reductions the board made last November: one bond-retirement millage was reduced to 1.6 mills and a second bond-retirement line was set to zero mills. The treasurer also warned that the Miami County Auditor and the county budget commission have not yet received the full impact of House Bill 186 and that the district may need a supplemental rate certificate in July or August after the Ohio Department of Taxation issues additional guidance.
The board approved the consent items by roll call. Members voting "yes" included Les Kinder, Jake Coverstone, John Barrera, Pam Rice and Amanda H. (as recorded in the meeting roll calls).
The treasurer also reviewed the spending-plan summary and five-year forecast adjustments, attributing some variance to lower-than-expected first-half income-tax settlements and timing differences in invoicing other districts for excess-cost and operating reimbursements. The treasurer said the district expects some of the remaining income-tax and real-estate settlement receipts next month and will share updates as county figures are finalized.
The approved consent agenda also included a donations and grants list and a motion to adopt the section 457(b) deferred-compensation plan recordkeeping arrangement (see separate article for personnel and program approvals).
Next steps: the treasurer said the district will monitor county and state guidance on House Bill 186 and may return with a supplemental rate certificate when figures are available.
