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March 2012 Operating Levy: An Overview
Why do Beavercreek Schools have a levy on the March ballot?
Beavercreek Schools faced a
$5.7 million deficit at the
end of the 2010-11 school
year due to:
- Delayed requests for additional funding due to the need for levy renewals and passage of the bond issue
With the recent 28 percent cut in state funding to Beavercreek City Schools, this deficit will only increase. What are district leaders asking of taxpayers? The March 2012 issue is a 6.7 mill, FIXED INCOME emergency operating levy that will generate $10.95 million per year for five years. Of this:
Proceeds of the levy
will help maintain
existing educational
programs and services.
They will not be used to
reinstate programs and
services that have
previously been cut. The
exception is to
transportation services,
which will be restored
if the levy passes.
How much will it
cost me?
The levy will cost
taxpayers
$205.19 per $100,000 of
appraised property value
annually, which
equates to approximately
$17.10 per
month, or approximately
56 cents a day.
(Note: If you would like
to calculate the effects
of this levy on your
annual property tax
bill, click on this link
http://www.beavercreek.k12.oh.us/Page/55
and choose "Simple Tax
Calculator.")
What is the levy number? The levy will be known as Issue 3 in Greene County and Issue 20 in Montgomery County. |
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