Include certain levies, taxes in school millage floor calculation
SB 66 expands Ohio's school millage floor calculation to include additional levies and taxes, potentially altering state-local funding dynamics and property tax obligations.
SB 66 expands Ohio's school millage floor calculation to include additional levies and taxes, potentially altering state-local funding dynamics and property tax obligations.
SB 66 modifies how Ohio calculates the "millage floor" for school funding by including certain levies and taxes that were previously excluded from this calculation. The millage floor is the minimum property tax rate that schools must maintain to receive state funding. This bill expands which revenue sources count toward meeting that minimum threshold.
School funding in Ohio is heavily dependent on property taxes and state aid formulas. By changing what counts toward the millage floor, this bill could shift the burden of school funding between local property taxpayers and the state budget. It may affect which school districts qualify for additional state support and could impact property tax rates across different communities.
Compiled from official sources — confirm details with the bill’s official record.
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