CINCINNATI, OH (FOX19) - Duke Energy says they are planning on reducing their property tax payments, which is concerning officials with Cincinnati Public Schools.
Duke officials say they want to withhold about $20 million, which is half of its $40 million paid in disputed Ohio personal property taxes while they appeal a disputed tax payment with the Ohio Department of Taxation.
If the company did withhold the payments, it would cost CPS $7.8 million. It's considerably less for Norwood, but the effect is the same.
"The only place to find 256,000 dollars going to the ballot sooner, direct cuts to supplies and materials," said Norwood Superintendent Rob Amodio.
During a press conference Tuesday, school officials said they will be forced to go to the taxpayers to request higher levies.
"The timing couldn't be any worse," said Cincinnati Public School Treasurer Jonathan Boyd.
"We could have started to think about this sooner, back in December, and Ohio Tax Department could have told us even if Duke didn't," said Cathy Ingram with the Cincinnati School Board.
Duke Energy officials say they only want to pay their fair share.
"We started making outreach calls, since last Monday, we didn't have an obligation, but it was the right thing to do," said Johnna Reeder, vice president of communications for Duke.
Duke Energy says they'll continue to negotiate with the state and hope to have a resolution by the end of summer. Southwest Ohio School Administrators are calling on Ohio Governor Ted Strickland to get involved.