The Press Newspaper
The Genoa school board has approved a resolution to place a 1 percent income tax request on the May ballot.
Superintendent Dennis Mock said the district will face a deficit of about $1 million by June 30, 2012 if revenues don’t increase or expenditures aren’t reduced.
A 1 percent income tax would only be levied on earned income and not on pensions, interest or dividends, Social Security or disability benefits, or child support payments.
Mock said the income tax would roughly approximate 5.3 mills in property taxes in revenues.
Board members plan to use their next meeting to come up with a strategy for not seeking the renewal of some existing millage on residents’ tax bills.
“We are discussing some directions we can take,” Mock said. “We want to look at property taxes and see if we can let them expire.
The administration informed board members during last week’s meeting that the district has cut about $1.8 million – equal to about 11 mills in property taxes – from the operating budget since 2004.
About $788,344 of that was sliced from the budget during the current fiscal year.
“The feeling is there is not a whole lot more to cut,” Mock said, adding the district in January received word from the Ohio Department of Education to expect a cut in state aid of about 3 percent over the next two years.
While considering the income tax request, board members and the administration reached the conclusion the state hasn’t sufficiently addressed funding for schools.
“Ohio funding has not been fixed and we continually seem to be going backward,” Mock said.
Board members consider a school income tax to be fairer to senior citizens and others on fixed incomes.
Locally, voters in the Eastwood and Lakota districts have approved income taxes to support their schools.
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