Budget Committee
Ohio · IRN 044925 · Miami County

Troy City School District

District briefing, fall 2026: enrollment, achievement, finances, property taxes and the levy record.

On the ballot · November 3, 2026

Troy City School District: one referendum question

Renewal levy

Renewal levy of 5.8 mills, 5 years for current expenses.

Summary of the issue’s terms; the official ballot wording had not been published when this briefing was built. Source: OSBA levy database (pre-election list)

Enrollment
3,728
2025-26
Performance index
93.5
2025-26
Graduation
98.0%
class of 2025
Spending / pupil
$15,042
2024-25
State share
29%
2024-25
Unreserved balance
30.7%
FY2026
Residential mills
22.3
tax year 2025
Home value
+30%
5-yr avg vs. 12 nearby districts
Enrollment

3,728 students in 2025-26, down from a peak of 4,535 in 2008-09; −7.3% over five years against −5.6% for the regional peer median.

Achievement

Performance index 93.5 of 120 in 2025-26 (Ohio median 88.3); 4.5 stars overall; four-year graduation 98.0%.

Spending

$15,042 per pupil in operating spending (2024-25), below the peer median of $15,404; the state supplies 29% of revenue and local taxes 55%.

Reserves

$20.09 million in general-fund cash at the end of FY2026; the unreserved balance was 30.7% of spending (Ohio median 36.2%).

Property taxes

22.32 effective residential mills for current expenses in 2026 (Ohio median 24.39).

Students

42% economically disadvantaged, 3% English learners, 15.6% with disabilities (2024-25).

Troy enrolled 3,728 students in 2025-26. Enrollment peaked at 4,535 in 2008-09. Since 2006-07 it has changed −13.0%, against −20.0% for the regional peer median and −19.5% for the median Ohio district.

TroyRegional peers (median)Ohio districts (median)
1091019385772006-072010-112014-152018-192025-26

Students

MeasureTroyPeers (median)Ohio (median)PercentileYear
Economically disadvantaged42%47%47%39th2024-25
English learners3.1%1.8%2.4%62nd2024-25
Students with disabilities15.6%16.3%16.1%46th2024-25
Black4.7%3.1%3.4%60th2024-25
Hispanic5.3%3.8%4.2%64th2024-25
White77.7%85.8%88.7%25th2024-25
Multiracial8.6%5.5%4.4%84th2024-25

Districts that serve free meals to every student report every student as economically disadvantaged. For the 123 Ohio districts where that raised the share by 25 points or more to 95% or above in one year, this briefing uses the district’s last share before the rise.

Where resident students go

Since 2021-22 the state pays community schools, EdChoice private schools and open-enrollment districts directly, so these students no longer appear as deductions in Troy’s budget, but the district still receives no state aid for them and, for most private and charter students in grades K–8, must provide or pay for transportation.

MeasureTroyRegional peers (median)Ohio (median)PercentileYear
Resident students in district schools3,5272,5281,18086th2025-26
Resident students on EdChoice4422486186th2025-26
Resident students in community (charter) schools791063971st2025-26
Resident students open-enrolled elsewhere2051739782nd2025-26

Community

MeasureTroyRegional peers (median)Ohio (median)PercentileYear
Median household income$73,154$71,589$73,77849th2020–24 ACS
Poverty rate11.2%10.8%9.9%58th2020–24 ACS
Adults with a bachelor's degree34.6%24.8%21.9%81st2020–24 ACS
Median home value$235,300$181,350$196,40072nd2020–24 ACS

Home values against nearby districts

Across the five most recent Census releases (2016–20 to 2020–24), the median owner-occupied home in Troy averaged $194,500, 30% above the median of the 12 districts within 25 miles ($149,400). That ranks 3rd of 13 in the area and at the 68th percentile of Ohio districts (state median $167,900).

ACS 5-year releaseTroyNearby medianDifferenceOhio median
2016–20$156,300$124,250+26%$142,600
2017–21$167,600$130,200+29%$149,100
2018–22$194,400$154,600+26%$167,700
2019–23$218,900$166,600+31%$182,500
2020–24$235,300$181,350+30%$196,400
Five-release average$194,500$149,400+30%$167,900

U.S. Census Bureau American Community Survey 5-year estimates, median value of owner-occupied homes (table B25077), in nominal dollars. Consecutive releases share four of their five survey years, so the average is a smoothed level rather than five independent years. Nearby districts are those whose NCES office address lies within 25 miles of Troy's: Miami East (5 mi, $239,100); Vandalia-Butler (11 mi, $195,080); Northeastern Local (Clark) (24 mi, $173,380); Kettering (24 mi, $171,120); Northmont (14 mi, $159,960); Sidney (16 mi, $152,900); Huber Heights (14 mi, $145,900); Urbana (25 mi, $145,160); Greenville (23 mi, $144,340); Tecumseh (14 mi, $125,720); Piqua (7 mi, $125,300); Mad River (19 mi, $123,280).

Ohio Department of Education and Workforce Report Card and District Profile (Cupp) Report; U.S. Census ACS 5-year. Student characteristics compare with the peers; enrollment, school choice and community figures with the regional peers: Vandalia-Butler, Northmont, Northeastern Local (Clark), Mad River, Greenville, Tecumseh, Huber Heights, Miami East, Piqua, Kettering, Urbana and Sidney.

Troy’s performance index — a weighted average of state test results on a 0–120 scale — was 93.5 in 2025-26, against 90.1 for the peer median and 88.3 for the median Ohio district (69th percentile).

TroyPeers (median)Ohio districts (median)
97928680752014-152016-172018-192020-212022-232025-26
MeasureTroyPeer medianregional beneathOhio (median)PercentileYear
Performance index (of 120)93.590.1regional 82.388.369th2025-26
Performance index, % of maximum84.8%81.7%regional 74.7%80.1%69th2025-26
Math proficient72.7%65.1%regional 55.9%63.5%73rd2025-26
Four-year graduation rate98.0%97.6%regional 96.6%97.2%62ndClass of 2025
Chronically absent18.1%19.3%regional 21.0%16.4%58th2025-26
Overall rating (stars)4.54.0regional 3.54.082nd2025-26
TroyPeers (median)Ohio districts (median)
99%97%96%94%92%2013-142015-162017-182019-202021-222024-25

Ohio Department of Education and Workforce Report Card. No state tests in 2019-20; star ratings began in 2022-23.

Troy spent $15,042 per pupil on operations in 2024-25, against $15,404 for the peer median and $16,580 for the median Ohio district. Ohio’s formula assumes each district can raise a local share based on its property values and residents’ incomes; the state supplied 29% of Troy’s revenue. At the end of FY2026 the district held $20.09 million in general-fund cash, an unreserved balance of 30.7% of a year’s spending.

TroyPeers (median)Ohio districts (median)
$17,472$15,168$12,864$10,560$8,2562010-112014-152018-192024-25
TroyPeers (median)Ohio districts (median)
51%42%34%26%18%FY2014FY2016FY2018FY2020FY2022FY2024FY2026
MeasureTroyPeer medianregional beneathOhio (median)PercentileYear
Operating spending per pupil$15,042$15,404regional $15,868$16,58023rd2024-25
Revenue per pupil$17,495$16,334regional $16,334$18,15040th2024-25
State share of revenue29%37%regional 40%43%23rd2024-25
Local share of revenue55%44%regional 43%42%77th2024-25
Federal share of revenue9%7%regional 9%6%73rd2024-25
General-fund cash, end of year$20.09 million$16.47 millionregional $16.47 million$8.3 million83rdFY2026
Unreserved balance, % of spending30.7%33.2%regional 37.7%36.2%36thFY2026
Average teacher salary$77,701$75,339regional $72,833$69,16380th2024-25
Property value per pupil$265,805$281,616regional $239,588$267,19749th2023-24

ODEW District Profile (Cupp) Report; five-year forecast actuals (general operating funds, cash basis) as filed with ODEW.

Ohio’s H.B. 920 reduction factors cut the effective rate of voted levies as property values rise, so most levies raise a fixed number of dollars and districts must return to voters to keep pace; no district’s effective current-expense rate can fall below 20 mills. Troy’s effective residential rate was 22.32 mills (Ohio median 24.39). Since January 2026, districts can no longer place new emergency, substitute or replacement levies on the ballot.

MeasureTroyRegional peers (median)Ohio (median)PercentileYear
Effective residential millage, current expenses22.3227.9624.3942ndTax year 2025
Effective business millage, current expenses32.0935.8026.5870th2024-25
Total voted operating millage49.2050.3641.8766th2024-25
Median property tax on owner-occupied homes$1,991$2,393$2,22842nd2020–24 ACS
As a share of household income2.7%2.9%3.1%34th2020–24 ACS

Past school tax issues

Troy has put 11 school tax issues to voters since 2016; 8 passed and 3 failed. Statewide, the Ohio School Boards Association records 2,342 school tax issues from 2016 through May 2026; 66% passed, and 39% of new-money issues.

ElectionIssueResultYes vote
May 2026Renewal (renewal), 5.8 millsFailed46.63%
May 2025Renewal (renewal), 5.9 millsPassed56.29%
Nov 2024Permanent improvement (renewal), 1.1 millsPassed54.53%
Nov 2023Combination (new), 2.3 millsPassed53.69%
May 2021Renewal (renewal), 5.8 millsPassed71.7%
Nov 2020Income tax (new), 0.0025%Failed46.6%
Mar 2020Combination, 0.5 millsFailed40.2%
Nov 2019Renewal (renewal), 5.9 millsPassed67.06%
Nov 2018Permanent improvement (renewal), 1.1 millsPassed64.24%
Nov 2017Combination (new), 0.5 millsPassed50.82%
Mar 2016Renewal (renewal), 5.8 millsPassed62.73%

Ohio School Boards Association school election results (unofficial), 2016–2026.

Ohio Department of Taxation and ODEW District Profile Report (effective millage); U.S. Census ACS 5-year; Ohio School Boards Association election results.

Wherever this briefing sets Troy beside other districts, it uses the groups below. A group figure is the middle value across its members, each counted equally, so one large member cannot dominate it.

Peers 12 districts

The 12 Ohio districts (city, local and exempted-village districts) most like Troy on four equally weighted factors: total enrollment (compared as a ratio), operating spending per pupil, students per teacher and the share of economically disadvantaged students, each difference scaled by how much the factor varies across districts, and none more than two standard deviations away on any one. The group starts with nearby districts that match closely (within half a standard deviation on average) and fills the rest from anywhere in the state. Peers carry the achievement, spending and staffing comparisons.

DistrictCountyMilesEnrollmentOperating spending per pupilStudents per teacherEcon. disadvantaged
Vandalia-ButlerMontgomery112,850$15,43317.546.8%
NorthmontMontgomery144,500$16,12517.648.5%
TecumsehClark142,503$14,41716.066.4%
Mad RiverMontgomery193,660$16,03117.667.6%
GreenvilleDarke232,169$15,62415.855.9%
Northeastern Local (Clark)Clark242,784$13,87518.443.7%
TalawandaButler472,706$15,37516.639.6%
Three RiversHamilton671,821$15,35016.742.0%
Mount VernonKnox943,259$15,20316.546.7%
WadsworthMedina1473,990$16,67416.831.7%
Perry Local (Stark)Stark1533,965$14,08717.642.5%
BoardmanMahoning1973,403$15,56316.248.7%

Regional peers 12 districts

The 12 districts (city, local and exempted-village districts) within 25 miles of Troy, straight line between district offices, whose profile on the same four factors is comparable: on average within one standard deviation. They carry enrollment, property taxes and home values, and their median sits beneath the peer median elsewhere. A district in both groups appears in both lists.

DistrictCountyMilesEnrollmentOperating spending per pupilStudents per teacherEcon. disadvantaged
Miami EastMiami51,277$14,83816.423.4%
PiquaMiami72,840$17,51816.164.8%
Vandalia-ButlerMontgomery112,850$15,43317.546.8%
NorthmontMontgomery144,500$16,12517.648.5%
Huber HeightsMontgomery145,344$15,70618.264.2%
TecumsehClark142,503$14,41716.066.4%
SidneyShelby162,880$16,39018.965.4%
Mad RiverMontgomery193,660$16,03117.667.6%
GreenvilleDarke232,169$15,62415.855.9%
Northeastern Local (Clark)Clark242,784$13,87518.443.7%
KetteringMontgomery247,492$18,52716.550.7%
UrbanaChampaign251,655$16,91716.560.0%

“Ohio median” is the middle value across Ohio’s city, local and exempted-village school districts; career centers and community schools are left out.