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Board adopts fiscal 2027 tax budget after discussion of state property-tax changes
Summary
The Indian Hill board adopted the fiscal year 2027 tax budget after an extended discussion about recent state legislative changes to property-tax calculations, the "20-mill floor," and the potential financial impact on local public schools.
The board voted to adopt the fiscal year 2027 tax budget after Superintendent/Treasurer staff presented background on how the districtreceives revenue and how recent state changes could affect collections.
Treasurer Mister Davis explained the annual procedure for Hamilton County and described recent legislative items that affect property-tax calculations, including how some fixed-sum levies count toward the "20-mill floor," an 8.5% cap on allowable inflationary increases after reassessment, and other adjustments that could change inside millage calculations. "We are currently running deficits for the upcoming fiscal year, so we ask that the county prove that we get all of the taxes that are levied to our property owners and able to collect those for the district's revenue," Mister Davis said.
Board members expressed concern about bills that could transfer public dollars to vouchers and reduce available revenue for public schools. One board member urged families to contact legislators, calling some recent legislation "an attack on public education." Another board member put the state funding level in perspective, estimating that the district receives about $300 per student from the state and that local property taxes provide the majority of district revenue.
After discussion, a motion to accept the fiscal 2027 tax budget was made, seconded and approved by roll-call vote with the members present recorded as voting in the affirmative.
