Treasurer's Notes

This summer, all Franklin County homeowners received a new appraisal estimate reflecting the 2027 calendar year property revaluation by the Franklin County Auditor’s Office. These updates to property values are completed every three years, based on state law, to reflect changes in the real-estate market.

With this revaluation, preliminary projections suggest that property values are expected to increase an average of 8% in Upper Arlington. This would be lower than the last revaluation, when the average value reflected an increase over 20%.

By July 1, the Board of Education is expected to have taken action to approve a combined operating levy and bond issue for the November 2026 ballot to fund continued district operations and a phase two master plan that addresses our aging middle schools and Burbank Early Childhood School. 

There is a lot of conversation happening across the state about school funding and finances, so it’s no surprise that over the past few months I have received several questions about the financial elements as we have moved forward in the master planning process. One of the most common questions has centered on the structure of the potential ballot issue itself. Why combine the operating levy and the bond issue? Why not separate them?

Each spring, the district releases its Financial Update — an annual report that provides a clear overview of our financial position and the factors shaping our budget in the years ahead. The 2025–2026 edition offers important context as we consider a potential combined operating levy and bond issue for the November 2026 ballot.

The first months of the year bring two notable milestones on the financial side of our district — the results of our annual state audit and the update to our financial forecast. 

Auditor of State Award

Being good stewards of taxpayer dollars is a core responsibility for our district, and wisely managing our resources is central to that commitment. Each year, we undergo a thorough, third-party financial review conducted by the State of Ohio Auditor’s Office. This independent evaluation ensures transparency and accountability in our financial practices. A team from the auditor's office carefully examines our records and processes, providing an important check on our fiscal management.