Perkins Schools to seek construction levy

PERKINS TWP. The Perkins Schools Board of Education chose the smallest of four millage options for a November levy to fund construction of a new K-12 campus. The district will ask for approval of a 4.98 mill emergency levy, which would raise $2.25 million per year for the general fund.
Susan McMillan
Jul 15, 2010

PERKINS TWP.

The Perkins Schools Board of Education chose the smallest of four millage options for a November levy to fund construction of a new K-12 campus.

The district will ask for approval of a 4.98 mill emergency levy, which would raise $2.25 million per year for the general fund.

By moving millage for different purposes, school leaders hope to take better advantage of growth in the community to pay back as much as $100 million in subsidized and low-interest federal construction bonds during the next 30 years.

In the meantime, the new levy would increase taxes on a $100,000 home by $152.51 per year, and less for senior citizens.

Board members considered levy options ranging from 4.98 mills to 5.98 mills.

"Any one of these four amounts, five years from now we will have a carryover fund balance," superintendent Jim Gunner told them. "The question is how much, and how much more, in year five, will we be spending than we're bringing in?"

Board vice president Steve Schuster wanted a levy of 5.2 mills because school leaders plan to move 5.2 mills of inside millage from general operations to permanent improvements if voters approve the levy. It would make it easier to explain the complicated millage swap, he said.

But the other board members favored the smaller levy for the purposes of marketing and sparing the taxpayers some expense.

"If we can get by with the lowest millage we can get for the voters, that's fine," board president Brian Printy said. "As long as it's not handcuffing us, and you're saying it won't handcuff us."

Gunner said the difference between 4.98 mills and 5.2 mills amounts to about $90,000 per year.

With the smaller levy, the district would carry over about a $3.5 million balance five years from now. This year's carryover balance was $6.3 million.

The board also heard a presentation from Patrick King of investment banking firm Stifel Nicolaus and Co., the district's bond counsel.

King and his associates built a model that takes projected interest rates and projected growth in property valuations to estimate how much Perkins Schools can afford to borrow in federal construction bonds.

Based on average growth in the last 20 years, the district could borrow $100 million with a 30-year payback.

But property values have risen more slowly in recent years, so board members also looked at more conservative projections that would provide for paying back about $68 million.

At zero growth, King said, the district could afford to borrow $46 million.

King said these are the lowest interest rates he's ever seen.

"It's a combination of just generally low interest rates and the bond programs," he said. "It really is just a historical time."

Comments

Gardenman

You can count me as a negative vote on this. Its not about not supporting modern and academically positive buildings. It rather all about being ecnomically logical.

I have to ask this question and frankly have not seen it asked by anyone to date. That is..........are ALL the current school buildings in Perkins Local Schools PAID FOR. I am willing to bet they are not. I bet the bonds sold to build some of our current building are not fully retired. That would bring one to question WHY are we tearing down/vacating buildings that we have yet to pay for fully?

I thought when Superintendent Gunner was chose he was a wrong choice for Perkins and they could do better. After he was here like 2-3 days and wanted to resign and go to Oregon City Schools I said again he is the wrong choice for Perkins Schools. Most recently when this new school campus idea has surfaced and again he is at the lead selling it I KNOW he is the wrong choice for Perkins Local Schools.

Given all the folks out of work and those working just struggling to get by I can just see folks lining up to support this issue...........YEA RIGHT !!! This issue in November will be Dead On Arrival at the ballot box and do down by a huge majority.

samiam

Good point, gardenman.  Going a step further...the drawing for this campus looks beautiful.  But does that actually make the education that kids get any better?  Do students learn more in an expensive campus setting?  Shouldn't the emphasis be put on the quality of their education as opposed to the esthetics of the building in which they are educated?   How many kids working in stores can make change without a cash register telling them how much to give back?  How many know practical skills for running a household?  I know many will claim that Perkins school system is the best around, but I'm not convinced of that.  I know people who were "C" students in the Sandusky school system who earned "A"s when they moved into the Perkins schools.  That makes me wonder which curriculum is tougher.  With the new taxes that will be imposed on the middle class by Obamacare, the majority of Perkins residents will have even less disposable income, without even considering the effect of this levy.  Again, the school board needs to consider the current economic picture before they ask the residents to dig deeper into their pockets to finance the board's Taj Mahal dreams. 

eriemom

 

 

outsider

 Coyote2525,

You base your hope on Legends Fields and NASA?  No free government money and tight credit  so the Legends project is dead.  NASA runway is a hope at best with our president's attitude with the space program. Now you want me to trust a man who tried to leave his job a week after accepting it. Now you want me to trust a man who won't even make a commitment to live in the community he expects a 50-100 million dollar commitment from its taxpayers. I'm looking for a leader I can trust. Your financial logic and Mr. Gunner's community commitment are flawed.

Salvatore

Why not merge Perkins and the Sandusky school system?

outsider

Salvatore,

Perkins people believe Sandusky people are deadbeats. Sandusky people believe Perkins people are uppity and bigoted. It's pretty simple.

Katelih-Trailer...

 I am greatly disappointed  to now know that Perkins people think I am a deadbeat because I live in Sandusky ! I certainly dont think Perkins people are uppity and bigoted because they live in Perkins. I judge people by their character and integrity, NOT by where they live.  Wow , now where am I going to go to find the great garage sales ? Thanks a lot  'outsider'  for spoiling my bargain shopping. lol   Oh yeah, I have to kick my friends to the curb now. To think all this time they thought I was a deadbeat. :(     

eriemom

 Outsider: If you ARE an outsider, why do you care? We voted for the board, who then hired this Super. It is a part of his job description to look at building structures and the cost associated with maintenance and update. Read the building maintenance reports on the district website. The maintenance must be done for safety and efficiency reasons. After taking the time to read them, as I did, then you will have earned the right to have any opinion in the matter. That is, if you live in this school district.

outsider

 eriemom, 

I've earned the right to voice my opinion due to my status as a taxpayer. I've earned the right because I vote. I must have not gotten the memo that stated you have to review maintenance records to earn the right to discuss an upcoming vote on a 50-100 million dollar expenditure that taxpayers will be saddled with for the next 30 years. What other smoke and mirror stipulations has our school board come up with to spin this into a great idea? Also, if you want I could give up my screen name to Mr. Gunner. It kind of fits him better than me.

Perkins2060

If you want your kids to go to Perkins, MOVE TO PERKINS!  I left that hole, Sandusky, so my kids can go to Perkins.  Why can't you people do the same?

Again, do away with open enrollment and you will get a yes vote from me. 

open enroller

HI, MY CHIILDREN ARE OPENED ENROLLED IN PERKINS SCHOOLS AND WE LIVE IN SANDUKSY.IT ISN'T ALWAYS CUT DRY LIKE PEOPLE ARE TRYING TO MAKE IT. MY CHILDRENS FATHER AND 2 SETS OF GRANDPARENTS OWN PROPERTY IN PERKINS TOWNSHIP.THEY HAVE NO PROBLEM WITH MY KIDS GOING TO SCHOOL ON THIER MONEY SINCE THIER FATHER,4 UNCLES AND MYSELF ALL WENT TO PERKINS SCHOOLS. SO THOSE WHO WANT TO COMPLAIN ABOUT KIDS GOING TO SCHOOL IN PERKINS AS OPEN ENROLLED STUDENTS SHOULD BE MORE AWARE OF THE WHOLE TOWNSHIPS VEIWS BEFORE THEY START TALKING FOR THE WHOLE DISTRICT. MY CHILDRENS FATHER,AND GRANDPARENTS HAVE NO PROBLEM PAYING THIER TAXES FOR MY CHILDREN GOING TO SCHOOL THERE.I THINK THAT 3 SETS OF TAX PAYERS FOR 2 CHILDREN IS PLENTY. OH DID I MENTION THAT MY CHILDREN ARE IN SPORTS.SO WHEN I PAY THE FEES FOR THEM TO PLAY THAT HELPS KEEP THE ATHLETIC DEPARTMENT GOING RIGHT??????OH AND SINCE I TRANSPORT MY CHILDREN BACK AND FORTH THEY DON'T USE THE BUSES,EVEN THOUGH WE HAVE FAMILY THAT PAYS TAXES FOR YOUR CHILDREN TO RIDE THE BUSES....AND EVEN THOUGH THEY DONT HAVE CHILDREN IN THIER HOMES AND IF MY KIDS WASNT GOING TO PERKINS THEN THEY WOULD BE PAYING TAXES TO SUPPORT ONLY YOUR CHILDREN....WHOM MAYBE PEOPLE SHOULD LOOK AT EVERY ASPECT OF IT. IT DOESNT JUST PERTAIN TO 1 FAMILY.IT INVOLVES EVERYONE...THATS WHY THIS COUNTRY AND MORE IMPORTANTLY OUR CITY, OH WHICH YOU ARE ONLY LIKE A SUBURB OF IS THE WAY IT IS....SHOOTINGS,FIGHTINGS AND JOBS AREN'T HERE AND WON'T BE BECAUSE NO ONE WANTS TO HAVE A BUSSINESS HERE WHERE THE PEOPLE WHO LIVE HERE CAN'T EVEN GET ALONG!!!!AND THIS IS THE EXAMPLE THAT THE GROWN UPS ARE SETTING FOR OUR CHILDREN......

Perkins2060

open enroller:  The plug can and will be pulled on open enrollment at any time.  I predict that time will come soon.  It is not relevant that your childrens father and two sets of grandparents live and pay taxes in Perkins.  YOU DON'T!  PERIOD!  YOU HAVE NO SAY!  If you want a say in what happens in Perkins, or as you call it, the little suburb of your city, then MOVE HERE AND PAY TAXES!  Give your childrens father custody and let them live in Perkins!  He pays taxes in Perkins.  If Sandusky is so great to live, why not send your kids to school there?  After all, you pay taxes in Sandusky, right?  Or better yet, you rent???

outsider

 Hey Perkins residents,

Spent some time over the weekend with teachers in the school system. Not one thought the new school was necessary. What's up with that?

Just Saying

Amen Perkins 2060.

 And to Keep Focused, I'll play nice and rephrase my previous post that was removed ! -- I do not give a "rat's delicate behind" how little this will cost me - Perkins earned my "!$%**" NO vote with open enrollment.

Perkins Resident

Perkins2060 is the only one on here that makes any sense.

eriemom

 Dear Open Enroller:

Please do not think that your children are not welcomed in the Perkins district. The teachers that I know, at least those who teach in a traditional classroom, have the attitude that they do the best that that can for EVERY CHILD that walks through the door. Only those classrooms that had space were filled with open enrollment kids, but only to contractual size. Every nook and cranny in the buildings has been turned over to instruction, which benefits taxpayers. Empty spaces cost. It is all about efficiency. Here is an analogy--you own a garage that you pay property taxes on, up keep, heat (its a really good garage), and then you park your car in it and leave it running, but never drive it.

edwina

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