Fox News 19 in Cincinnati had the story tonight of the Princeton School District’s reaction to Kasich’s budget:
The Governor’s budget cuts tangible personal property (TPP) tax the district receives starting this year. The tangible personal property tax is monies they receive from local businesses which accounts for 70% of the district’s funding. The new budget phases out TPP tax starting this year meaning Princeton has to cut another ten million dollars from it’s budget over the next two years.
"We have to look at transportation, schools, how we operate, further staffing. We have to look even deeper at everything," says Superintendent Gary Pack. Pack says the district had an operating budget of 86 million dollars in 2006 and by 2013 will have a budget of 50 million. He says the cuts leave the district no choice but to go to the voters and ask for a levy.
"It’s disheartening for the children in Princeton because of the diversity we have and folks we serve who make us proud every day. It saddens me for them," says Pack.
The district is reportedly scheduled to hold a special meeting on Monday where they’re expected to start the process of considering putting a property tax levy on the ballot.
Kasich’s raiding of TPP is reportedly costing this school district $10 million ALONE?!?
Every new local levy or other taxes should be labeled “Kasich tax increases.” All his budget did was balance the State’s budget on the backs of the middle class, schools, and local government.