- Columbus City Schools
- District Financial Facts
District Financial Facts
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What are the sources of revenue for the CCS General Fund?
The majority of the district’s general fund comes from local property taxes (70.2%). The second largest source is the State of Ohio (24.3%), which includes State Foundation funding and the State’s portion of property taxes (Homestead and Rollback payments). The balance (5.5%) is provided from other sources.
Source: CCS May 2023 Five Year Forecast
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How does CCS spend its General Fund money?
Staff expenses (Personnel) comprise 84.5% of the district’s expenditures. This includes salary and benefits for all staff supporting our CCS students. The balance of the district’s expenses (Non-Personnel) includes 7.9% in purchased services, 3.9% in supplies and materials, and 3.7% in capital outlay and other expenses.
Source: CCS May 2023 Five Year Forecast
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What value is used to calculate property taxes?
The County Auditor sets the value of each property located within the district. This is known as the Appraised Value (also known as market value). The Taxable Value is 35% of the Appraised Value - this is the value used to calculate taxes due.
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What is a mill?
A mill is defined as one-tenth of one percent. In property tax calculations, millage is the rate applied to the Taxable Value to determine the property taxes to collect.
1 Mill = $1 for every $1,000 of Taxable Value