Madison Township, OH — After several months of collaboration with a financial expert, the Madison Local School Board has completed a comprehensive review of the district’s financial strategy and tax structure. The result is a forward-thinking plan designed to maintain high-quality educational services while easing the tax burden on residents, particularly senior citizens and those on fixed incomes.
Through this process, the Board confirmed that Madison remains one of the most cost-efficient school districts in the region, offering exceptional value through programs such as career technical education and adult learning opportunities. Despite the district’s relatively low tax rates, the Board recognized a growing concern: nearly 42% of Madison residents receive Social Security or retirement income, according to U.S. Census data. This demographic is especially vulnerable to increases in property taxes.
To address this, the Board worked with financial consultant Dr. David Conley to develop a long-term Taxation Policy. This policy is designed to guide current and future board members in making fiscally responsible decisions that minimize the impact on residents with fixed incomes. A key recommendation from this policy is a shift from traditional property taxes to an earned income tax model.
Unlike property taxes, earned income taxes do not apply to Social Security, disability, or other retirement income. Instead, they are based on wages earned through employment (W-2 income), meaning many retirees may see a reduction—or elimination—of a portion of their school tax burden.
In addition to this shift, the Board explored the potential benefits of converting existing property tax levies into earned income taxes. This approach could provide immediate property tax relief for elderly residents, a goal that aligns with broader statewide efforts to support aging populations.
As a result, the Board has developed a plan to replace one of its current property tax levies with a new earned income tax. This proposal will be formally approved at the next Board meeting and placed on the November ballot for community consideration. If passed, the measure is expected to reduce overall taxes for many residents while ensuring continued funding for the district’s operational needs.
“This is a win-win for our community,” said Board representatives. “We’re protecting our seniors while securing the future of Madison’s schools.”