Kennedy Report
sked the county auditor’s office where the nearly $34 million in additional tax dollars that were paid through recent property tax bills would go. All of that amount will be directed to the schools. See the photo in the comments – last column on the right for the increase in revenue for each school district.
The response:
“The nearly $34 million additional tax dollars the schools are receiving due to the 20-mill floor. The 20-mill floor generates additional tax dollars for school districts general/current expense funds only. I have attached a document that is also on the Lorain County Auditors website under, “Info – 2024 Tax Information – 20 Mill Floor Comparison Chart”. This will give you a comparison over the past three years how schools have benefited on the 20-mill floor.
As a little background HB 920 was passed by the state of Ohio in 1976. A shortened version of HB 920 is that when values go up, voted tax rates go down protecting the homeowner from inflation. In 1977 the state of Ohio enacted the 20-mill floor, This was designed initially to assist school districts which historically had difficulty in passing new operating levies. Since then, when any school district with operating/current expense levies falls below 20 mills due to HB 920 (the inflation fighter) they are automatically increased to 20 mills without the vote of the people. The 20-mill floor was created by statute and would need to be addressed by the legislature.”
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