County Auditor Matt Nolan said this would likely cost property owners $175 for every $100,000 of property value.
At this point, the only other issue on the May ballot in Warren County is a referendum on a rezoning in Wayne Twp.
MORE: School districts decide to pay special elections expenses
The money would be used to pay utility bills, transportation costs and other expenses that have gone up since the last new-money levy was approved in 2011 by a 251-vote margin, according to Yohey.
RELATED: Lebanon underpaid 2 school districts $3.1 million
In March 2016, just under 62 percent of Lebanon district voters approved a 3.5-mill renewal levy.