By Joselyn King, The Intelligencer
WHEELING — Ohio County Schools Business Manager Steven Bieniek informed board of education members this week the school district would likely have about $7 million less to spend in next year’s budget due to a change in how oil and gas valuations are determined.
He said the Ohio County Assessor’s Office has presented their estimated tax values of all property in the district to Ohio County Schools, and preliminary numbers show the amount is down about $475 million in the county from last year.
The result of this is that the excess levy benefiting Ohio County Schools right now is expected to generate about $6 million to $7 million less in 2025-26.
When contacted, Ohio County Assessor Tiffany Hoffman said she could not speak on proposed property values at this time.
Bieniek said he had budgeted for between $45 million and $48 million from the levy. If the board chooses to keep the levy rate at its current rate of 95.5%, about $38 million will result, he told board members.
Read more: https://www.theintelligencer.net/news/top-headlines/2025/03/school-districts-bracing-for-loss-of-revenue/
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