We understand that no one likes to see their taxes increase, that’s why we involved a group of community members in helping to determine the best way to fund a new school. The group met for several months with a financial consultant through the Finance Taskforce to explore different funding options. After learning about how schools are funded, exploring different funding options, and sharing their recommendations with the school board, the school board determined that a property tax was the most affordable and fair way to fund the bond issue. With a property tax, local businesses will pay around 33% of the taxes, bringing down the total cost for our homeowners.
We also reviewed what we can fund through state monies through the Ohio Facilities Construction Commission to release the burden on our local taxpayers. For Fiscal Year 19, our district was ranked 537th out of 610 school districts on the ODE equity rank list (or the 73rd "wealthiest" district) with a local share percentage of 88%. A school district’s priority for state assistance from the OFCC is based on the district’s three-year average “adjusted valuation per pupil.” The lower (higher number) we fall on the ranking, the less likely to be eligible for state money.
The emergency levies, like the one the community approved in November 2019, fund district operations; things like salaries, utilities, maintenance, etc. and are not allowed to be used for the building of a new building. Those monies are what keep the district running. While we will continue to need to renew the operating levies, those levies have not increased, and we do not anticipate needing additional operating funds.