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Loss of TPP

 

Why Chardon Schools is Seeking Additional Operating Funds

Funding levels from the State of Ohio for Chardon School have decreased over the last several years, due in large part to the phase out of the Tangible Personal Property Tax (TPP) reimbursement.

The TPP tax was eliminated in 2005 and replaced with a broader-based Commercial Activities Tax (CAT). This tax reform effort was aimed at boosting the competitiveness of Ohio’s business climate.

The CAT now generates on average $1.6 billion for the state of Ohio annually. Advocacy by public educators yielded changes in law that somewhat blunted the impact of the phase out, but those temporary measures did not solve the TPP problem for schools and students.

Current Ohio law totally eliminates these dollars, shifting the entire burden for recouping these lost revenues to local communities.

  • The elimination of the Tangible Personal Property (TPP) tax reimbursement for Chardon Local Schools results in a loss in revenue close to $1 million dollars annually
  • Due to the impact of these state reductions, the district has placed a 3.9 mil continuing operating levy on the November 2017 ballot. Almost half of this 3.9  millage request is due to the loss of the TPP reimbursement

 


Citizens for Chardon Schools
CoCo Griffis, Treasurer
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