District Net Indebtedness Limitations
This page provides information, guidance and the forms necessary for school districts to comply with the statutory requirements regarding the net indebtedness of a school district.
The tax commissioner and director of education and workforce must consent to placing a school district bond issue on an election ballot when the district's net indebtedness, including the proposed bond issue, would be greater than 4% of the district's tax valuation. If the net indebtedness exceeds 9%, a special needs designation is also required.
Ohio law specifies when a district may exceed these net indebtedness limitations to raise funds necessary to participate in a project under Chapter 3318 of the Revised Code and districts are required to notify the director of education and workforce when this will occur.
For questions regarding any of the information provided here, please email bond.finance@education.Ohio.gov.
Election Dates and Ballot Consent Deadlines
Governing Authority and Policies
Required Documents for Ballot Consent and Special Needs Determination
Required Notification
The Department recommends emailing the Department of Taxation at DTE@tax.state.oh.us to verify the accuracy of all calculations of Net Indebtedness and historical Tax Valuations prior to submission deadlines.
Last Modified: 11/8/2023 11:25:10 AM