The Oakwood City Schools district plans to seek additional property tax millage from voters on the November ballot.
“We’ll spend the next few weeks deciding on what the amount will be,” district treasurer Kevin Philo said.
“Some of the uncertainty has to do with the state budget, which will be decided by early July. This will be the first time we have gone back to the voters in three years.”
The district’s five-year forecast projects a balance deficit by 2016 without new funding.
Oakwood has fared differently in two state budget proposals. Its funding would remain flat under Gov. John Kasich’s plan, but it would get 6 percent increases in 2014 and ‘15 under the formula presented by House Republicans.
A November levy would be the second this year for Oakwood residents, who approved a 3.75-mill property tax increase for city services on May 7 by less than 55 percent.
Fewer than half of voters in two of the city’s wealthiest precincts — and those with some of the largest properties — cast ballots for that measure.
The last time Oakwood residents rejected a school operating levy was in 1978, although they refused a 1 percent income tax for schools by 63 to 37 percent in 1990. A few months later, they approved the largest property tax issue in district history — 14.25 mills — by 59-41 percent.
Philo said a preliminary estimate for this November’s increase would be closer to 6 percent.