The Press Newspaper

Toledo, Ohio & Lake Erie

The Press Newspaper

The Press Newspaper


A resolution to start the process for placing a renewal levy on the November ballot has been approved by the Genoa school board.

Voters in the school district will be asked to renew a 1.6-mill permanent improvement levy that generates about $265,000 annually for items such as textbooks, equipment, building maintenance and other long-term needs.

A second resolution to place the measure on the ballot is set to be on the school board’s agenda for its June meeting, Bill Nye, district treasurer, said.

Nye said the district’s updated five-year forecast appears to be on solid footing but added future state funding is the big question.

In Fiscal 2015, the Genoa district received about $5.6 million from the state – roughly half of its total tax receipts of $11.2 million.

“We were provided a slight increase in state money from last year to this year so far – about $140,000,” Nye said. “That was the first true increase in the past three state biennial budgets. The last two were basically flat. From Fiscal ’18 and on it’s still an unknown but for Fiscal 17 we’re also supposed to have a small increase. I think our district has finally stabilized. As long as we continue to monitor our spending so it is within our means I think we’ll be set for a while.”

Last May, Genoa voters renewed a 5-mill levy and approved a new 6.38-mill, 5-year emergency levy.

Nye presented his forecast to the school board’s finance committee Monday and to the full board on Tuesday.

Local property taxes are also a mixed picture.

Some districts are realizing a bump in tax receipts from growers participating in the Current Agricultural Use Valuation real estate tax assessment program. It lets farmland owners have their parcels taxed according to its value in agriculture, rather than full market value.

As counties undergo reappraisals or updates on property, many growers are seeing their taxes rise steeply.

But Nye said the Ottawa County auditor’s office has reported CAUV increases are being offset somewhat by a drop in some residential property.

“It’s basically been close to running flat. I’m hearing the CAUV values have increased dramatically but with that said, some of the residential has actually been reduced,” he said.



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