Clyde-Green Springs Schools seeking levy renewal

The levy generates $1.265 million annually for the district’s general operations, according to the Sandusky County Auditor’s Office.
Alissa Widman Neese
May 27, 2014

 

Clyde-Green Springs Schools officials are prepped to place a renewal tax levy on the November ballot.

The district’s 5.25-mill, five-year renewal operating levy will expire in 2015, and board members are seeking voter support of a 10-year extension of its funds.

The levy generates $1.265 million annually for the district’s general operations, according to the Sandusky County Auditor’s Office.

It currently costs the owner of a $100,000 home about $161 a year. If approved, the renewal levy would not increase taxes from the amount taxpayers currently pay, although it would double its time frame from five to 10 years.

At a meeting this past week, board members agreed to send a resolution to the Sandusky County auditor declaring their intent to renew the levy.

After the auditor officially certifies its amount, board members must then publicly agree to officially place the levy, with its extended time frame, on the ballot.

Voters first approved the levy in 2005, and then a majority voted in favor of renewing it for the first time five years later.

Also at the meeting this past week, board members reviewed an updated five-year financial forecast for Clyde-Green Springs Schools.

Without the renewal levy’s approval, the district is set to exhaust all its reserve cash in the 2016-17 school year, with a deficit of about $4.8 million in the 2017-18 school year, according to the forecast.

With the renewal levy’s approval, however, the district’s reserve cash will likely extend throughout the entire 2016-17 school year, reducing its deficit in the 2017-18 school year to about $1.7 million.

The district’s annual operating budget is about $21 million.

A copy of the updated forecast is available on the Ohio Department of Education’s website.

Clyde-Green Springs renewal levy
•5.25-mill, 10-year tax levy.
•Will cost the owner of a $100,000 home about $161 in taxes a year, not increasing taxes from the amount currently paid, but doubling its timeframe from five to 10 years.
•Will generate $1.265 million a year for day-to-day district operations, including employee salaries and benefits.

Comments

ContraryAnn

...and the other renewals due in the next five years? In 2011 there were seven due before 2020. The Board needs to address ALL the money it will be seeking.

Lil DAB

PEOPLE THINKING ABOUT RETIRING NEED TO THINK WHAT THIS WILL DO TO THEIR BUDGET FOR 10 YEARS! THE SCHOOL ALREADY GETS 1 PERCENT OF GROSS INCOME OF RESIDENTS LIVING IN THE SCHOOL DISTRICT. AND INCOME FROM OTHER SCHOOL LEVIES.
THE SCHOOL DISTRICT HAS BEEN "FINDING" MONEY FROM SEVERAL SOURCES THEY HAVE "DISCOVERED." THEY ARE IN GOOD SHAPE FROM GOING FROM "GOING TO BE TAKEN OVER BY THE STATE" TO ADDING KINDERGARTEN AND BUSSING SINCE THE 6TH OR 7TH DEFEAT THIS DISTRICT HAS HAD.
VOTE NO!
AGREE WITH C-ANN...ADDRESS THE ENTIRE TAX RENEWALS OVER THE UPCOMING YEARS. FLAT OUT PUT THEM IN FRONT OF US. TRANSPARENCY!
(I DO RESPECT THAT YOU ARE PUTTING IT ON NOVEMBER'S BALLOT AND NOT SNEAKING IT ON AN AUGUST BALLOT.)

coasterfan

Very difficult to read a post in all Caps. People thinking of voting for Kasich need to think what this will do to their local taxes. He has cut funding to Ohio public school districts, so it should not come as a surprise that schools turn to the only other option for funding: local taxpayers.

Other people paid for your child to go to school - so that you didn't have to pay out of pocket for the roughly $3500 per year it costs the average district to educate your kid. Americans long ago decided that we wanted to make education mandatory, and paying for it via taxes is how we honor that committment. Now, it's your turn to step up to the plate.

Most retired people enjoy one thing that the rest of us do not: they have guaranteed income. If they didn't have that, they wouldn't be able to afford being retired - they would still have to work. While a "fixed income" might be limited, it sure beats the heck out of being unemployed. So, it's a pretty weak excuse to not vote for a school levy.

nosey rosey

Oh h*ll no! I don't care if its a renewal or not, time to dust off the anti-levy signs.