Troy’s school board is scheduled to take its first vote today toward placing a bond issue and tax levy on the March 2020 ballot, asking residents to help fund the construction of four new schools.
The board meeting begins at 5:30 p.m. Monday at Troy City Schools’ central office building, 500 N. Market St.
The language that would be on the ballot proposes issuing $98.7 million in bonds for the school district’s portion of the construction project, so that the Ohio Facilities Construction Commission would provide funding for the rest of the project.
That structure would require a tax levy on property owners within the school district to pay off those bonds. Monday’s meeting agenda says that tax levy will be on the March 2020 ballot, but does not list what the millage on that tax will be, pending confirmation from the county auditor. The agenda does list the separate 37-year, 0.5-mill permanent improvement levy that will be packaged with the main levy for the bond issue.
2018 STORY: Much work to do before trying school bond again
The school district hopes to build three new elementary schools to house preschool through fourth grade and one new elementary/middle school to house grades 5-6. The seven current elementary schools — Concord, Cookson, Forest, Heywood, Hook, Kyle and Van Cleve — would be demolished, according to the plan.
Two years ago, Troy voters soundly rejected a bond issue that would have paid for construction of two new schools and upgrades to the high school.
Last year, school board President Doug Trostle said of the need to replace aging school buildings, “This is real. It is urgent. We need to address it.”
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