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Garfield Heights board discusses amending 2027 tax budget after missed bond levy
Summary
At a June 3 special work session, Garfield Heights board members heard staff describe Resolution 2026-35, a proposed amendment to the 2027 tax budget to cover a $450,158 O2 fund deficit tied to School Improvement Refunding Series 2014 bonds; no vote on the resolution is recorded in the transcript.
The Garfield Heights Board of Education met in a special work session on June 3 to hear staff explain Resolution 2026-35, a proposal to amend the district's tax budget for tax year 2027 to account for a missed levy on district refunding bonds.
A staff member told the board, "It is a resolution to amend the tax budget for tax year 2027," explaining that the county "did not levy the taxes for the last year of the bond collection on our series school improvement series 2014 refunded bonds." The staff member said the district added Schedule 1 for "fund O2 bond retirement" and reported "we do have a negative uh O2 fund balance of $450,158" that must be collected from the county and reflected in an amended tax budget.
The staff member described the revenue and millage implications: "we reflected that in our millage 5 and83 mills to collect roughly 3 million to encompass our collection rate of 92% collection for Garfield Heights City School District." The presentation noted several timeline pieces across tax years and that the district will submit the amended budget to the county, the county law director and the county budget commission; district legal counsel Mike Shar was described as the attorney who will advance next steps.
A board member asked how the amendment would affect taxpayers. The staff member replied that taxpayers saw a decrease earlier than expected and that, under the adjustment being discussed, "it will increase'it will not increase to the level they were paying because our previous tax budgets had them at about 11 mills. This is only 5.83 is what we're looking at. So it's about half of what they were paying originally. They'll see an uptick and then it'll come back down permanently once that millage and the dollar amounts collected. we pay our bond off and we're set to go." The staff member emphasized communications will be needed to explain the temporary change.
The transcript records discussion of the mechanics and next steps but does not record a vote on Resolution 2026-35. The meeting included several procedural motions that were moved and seconded: approval of the agenda, a motion to waive reading of agenda item 2.1, and a motion to adjourn. The only roll-call vote transcribed was for adjournment (recorded as "Yes" from Mrs. Irvin Doer, Mr. Dudley, Miss Morrison and Miss Cox), after which the meeting was adjourned.
Next steps described in the meeting were submission of the amended tax budget to the county and county budget commission and follow-up by district legal counsel to obtain a tax rate resolution and finalize levy collection for the bond retirement. The transcript refers to "Kaga County" in the presentation; that name is transcribed as spoken and was not verified within the meeting record.
