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Board approves fiscal-year tax budget after discussion of state tax changes and voucher proposals
Summary
The Indian Hill board adopted its fiscal-year 2027 tax budget after a hearing in which treasurer Nick Davis warned the district faces deficits and described recent state measures (including an 8.5% cap on inflationary property-tax increases) that complicate revenue. Board members urged public outreach about potential impacts of vouchers and proposed constitutional changes to property taxation.
On motion and roll-call vote, the Indian Hill Exempted Village School District board adopted its fiscal-year 2027 tax budget after a public hearing and extended discussion about the district's revenue outlook and pending state legislation.
Treasurer Nick Davis outlined the purpose of the hearing and said the district relies heavily on property taxes for operating revenue: "85 to 90% of our revenue is collected through property taxes in one way or another," he said, and warned the district is currently running deficits for the upcoming fiscal year. Davis reviewed recent legislative actions that will affect districts, including a cap that will limit inflationary increases to 8.5% and changes to how fixed-sum levies are counted toward the 20-mill floor.
Board members expressed concern about a range of pending measures, including voucher expansions and a potential constitutional amendment to abolish property taxes. "I think it's important for the families that are that currently, there's a lot of legislation that, in my personal opinion, is attack on public ... public education," said Nolan Marx (speaker 8), urging community members to contact legislators about the potential funding consequences.
When asked for context on state funding, Davis estimated state funding at roughly "$300 per student" as an order-of-magnitude figure to illustrate the district's reliance on local property tax revenue. Members discussed outreach and education strategies for the community to explain how the funding formula and proposed bills could affect services and class sizes.
After discussion the board moved, seconded and approved the tax budget on roll call. The clerk recorded the vote; the board proceeded to close the hearing and move on to other agenda items.
