Beavercreek City Schools will have a 6-mill substitute levy on the May 2 ballot to update a previously passed emergency levy.
If passed, the levy would generate $10.4 million for the district in its first year, and would not increase costs for residents, keeping that rate at $210 per year for the owner of a $100,000 home, according to the Greene County Auditor’s Office.
However, this vote would turn the levy from a five-year recurring measure to a permanent tax.
“This levy is part of a larger financial plan that addresses the needs of our district and our community for the next 10 to 15 years,” Superintendent Paul Otten said. “Passage will create a high level of financial stability while alleviating levy fatigue.”
Substitute levies were only introduced in Ohio in 2008. Like renewals, substitute levies don’t increase residents’ taxes when they are approved a second time. But unlike renewals, they can gradually produce more and more revenue for the school district, by applying that tax rate to new construction.