Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Top HDFC Mutual Fund: ₹1,000 monthly SIP grew to ₹2.03 crore; ₹1 lakh lump sum became ₹1.95 crore – Money News
    • Europe: Ireland Agrees Mutual Recognition of Funds Framework With Hong Kong | K&L Gates LLP
    • Homme le plus riche d’Afrique du Sud, Johann Rupert
    • Why increased investments matter – Article
    • Tata Asset Management launches Nifty Midcap 150 Index Fund
    • PM Modi at IATA AGM 2025
    • Goldman affirme que les hedge funds achètent des actions tech américaines à un rythme record
    • 10 Best Debt Mutual Funds for 2025 as RBI Slashes Repo Rate
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Several central Ohio school districts putting levies, bonds on the November ballot
    Bonds

    Several central Ohio school districts putting levies, bonds on the November ballot

    August 8, 2024


    More than half a dozen central Ohio school districts are asking voters to pass levies or bond issues in November.

    The districts include Bexley, Grandview Heights, Groveport Madison, New Albany, Reynoldsburg, Westerville and Hilliard.

    Hilliard

    Hilliard residents will see a combined levy and bond issue on the Nov. 5 ballot.

    The 6.9-mill operating levy is estimated to cost the owner of a home valued at $100,000 about $242 per year. Hilliard last asked voters for an operating levy eight years ago. Superintendent David Stewart said at the time, the district made a four-year promise to stay off the ballot, which it was able to stretch to eight years.

    “Which, in the state of Ohio for districts similar to us, it’s more common. The districts are on the ballot every three to four years, so stretching it to eight is somewhat unusual,” Stewart said.

    The bond issue, which will appear on the ballot as 1.84 mills, would generate $142 million for the district to build and renovate facilities. Stewart said that would fund Phase 1 of the district’s master facility plan.

    That includes building a new Brown Elementary and converting the current Brown school into a third 6th-grade building. The plan also calls for complete rebuilds of Ridgewood and Beacon elementary schools, investments in athletic and performing arts facilities, the addition of a second pre-school center, and district-wide safety improvements, Stewart said.

    Stewart said the bond issue is not in reaction to district growth.

    “The need for the bond issue and the $142 million worth of construction in that bond issue is really driven by aging facilities,” he said.

    He said the district is also retiring 1.84 mills of bond debt. The new bond issue would replace that, meaning property owners wouldn’t see a change in what they’re paying on that front, Stewart explained.

    Westerville

    Westerville City Schools has also placed a combined levy and bond issue on the ballot.

    A 4.9-mill levy would generate about $20.8 million for district operations. District Treasurer Nicole Marshall has said the funding is needed because of changes in state law, pandemic-era federal funding expiring, and cuts in state funding, as well as an increase in doing business.

    The district is also asking for a $140 million bond issue, which will appear as 1.66 mills on the ballot. That will also replace an expiring bond millage, meaning it will not appear as new millage for property owners.

    The levy and bond issue together will cost the owner of a $100,000 home about $230, though the district reports that $58 of that will be offset by the expiring bond debt.

    The bond issue is set to fund the next phase of Westerville City Schools’ facilities master plan, which includes repairs and renovations to four of the district’s oldest schools. Cherrington Elementary, Huber Ridge Elementary, Blendon Middle School and Walnut Springs Middle School were all built in the 1960s and need upgrades, according to the district.

    The bond would also fund the construction of extra pre-school classrooms at the district’s Early Learning Center, improvements to performing arts facilities, playground and parking lot repairs and security improvements.

    Bexley

    Bexley voters are being asked to approve a levy that would collect 5 mills in its first year in 2025, followed by an additional 2.5-mill increase each year until 2029. By the end of the five-year period, the levy would collect 15 mills.

    The Committee for Bexley Excellence reports that the levy will cost the owner of a $100,000 home about $175 a year in the first year and an additional $88 a year the following four years. That breaks down to about $15 per month in the first year and an additional $7 per month afterwards.

    If the levy fails, the district will consider cutting staff, according to a levy fact sheet. About 75% of the district’s spending goes to salaries and benefits for teachers and staff, which is common for school districts.

    Bexley voters last approved a school levy in 2019.

     
    Grandview Heights

    Grandview Heights City School District is asking voters to approve a $69.5 million bond issue, which will appear on the ballot as 6.95 mills. It’ll cost property owners about $243 for each $100,000 of tax valuation.

    Grandview Heights Schools plans to use about $52.2 million of that money to build a new Stevenson Elementary School. The school was built in 1922 and has frequent maintenance problems as well as technological limitations, according to the district.

    The district spent $275,000 on safety, security and accessibility upgrades to Stevenston Elementary School in 2020. The district said those changes were necessary to keep the building in use for the past several years.

    The other $17.3 million of the proposed bond issue will be for improvements to the K-12 athletic complex, including replacing home and visitor bleachers and building new, accessible restrooms, locker rooms and concession facilities.

    The district said it does not anticipate asking for an operating levy until at least 2028. It last asked for a 1-mill levy in 2018.

    New Albany

    New Albany voters can expect to see a $135 million bond issue, which will appear as 4.46 mills on the Nov. 5 ballot.

    The money would fund two phases of projects under the New Albany-Plain Local Schools campus master plan.

    Between 2025 and 2028 the district wants to build a new elementary school to serve around 1,200 students in all-day kindergarten and 1st and 2nd grade. It also wants to renovate the high and middle schools, and the middle school stadium.

    In the second phase, which is set to conclude in 2031, the district wants to build a fine arts hub for 6th through 12th grades. It also plans other renovations and expansions.

    The district said property owners who have a special assessment through New Albany Community Authority’s Community Design Charge will see a small decrease in what they’re paying. Those who have not been paying that special assessment would see a tax increase of about $51 a year per $100,000 of home valuation.

    Reynoldsburg

    Reynoldsburg City Schools last asked voters for a levy in 2010. Now the district is asking for a five-year 6.65-mill levy that would generate $8.5 million per year for operations.

    The district said it has started spending more money than it’s bringing in.

    The levy will cost the owner of a $100,000 home about $233 a year.

    Groveport Madison

    Groveport Madison’s bond issue asks voters to approve $78,305,000 to build and furnish three new middle schools for 5th to 8th grades and to build an addition to Groveport Madison High School.

    The 2.44-mill bond issue will cost owners of a home valued at $100,000 around $85 a year.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Axiom Emerging Markets Corporate Bonds fête son premier anniversaire

    June 2, 2025

    BofA signale la plus grande sortie d’actions de 2025 avec 9,5 milliards $ retirés

    May 30, 2025

    Metaplanet émet de nouvelles obligations à acheter Bitcoin, maintenant 78% vers 2025 objectif

    May 28, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Keck Seng Investments (Hong Kong) Limited approuve le dividende final

    June 2, 2025

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    Mutual Funds

    Top HDFC Mutual Fund: ₹1,000 monthly SIP grew to ₹2.03 crore; ₹1 lakh lump sum became ₹1.95 crore – Money News

    June 2, 2025

    HDFC Flexi Cap Fund, the oldest scheme from HDFC Mutual Fund, has been a consistent…

    Europe: Ireland Agrees Mutual Recognition of Funds Framework With Hong Kong | K&L Gates LLP

    June 2, 2025

    Homme le plus riche d’Afrique du Sud, Johann Rupert

    June 2, 2025

    Why increased investments matter – Article

    June 2, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    South African Bonds Track Inflation While Global Cyberattack Disrupts Industries

    July 19, 2024

    ETF novice? Let nutrition labels unlock smarter investing

    July 28, 2024

    Investing in global funds offer hedge, diversification and access to growth sectors, say experts

    May 14, 2025
    Our Picks

    Top HDFC Mutual Fund: ₹1,000 monthly SIP grew to ₹2.03 crore; ₹1 lakh lump sum became ₹1.95 crore – Money News

    June 2, 2025

    Europe: Ireland Agrees Mutual Recognition of Funds Framework With Hong Kong | K&L Gates LLP

    June 2, 2025

    Homme le plus riche d’Afrique du Sud, Johann Rupert

    June 2, 2025
    Most Popular

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024

    Zerodha’s Nithin Kamath And Capital Minds’ Deepak Shenoy On Why ETFs Are Preferred In US

    February 20, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.