The proposed 6-mill substitute emergency levy would permanently replace an emergency levy that is set to expire in 2018. If passed, the tax would not raise costs to property owners but continue at the current rate of $210 a year for property valued at $100,000, according to the district.
The tax would generate approximately 13 percent of the district's daily operating revenue, paying for utilities, bus fuel, classroom supplies, technology and personnel.
MORE >>> Beavercreek school levy will return to voters in November after loss
Substitute levies came into being in Ohio in 2008 and since then 20 public school districts have secured that revenue source with voters' approval.
Instead of producing a fixed-dollar amount each year like an emergency levy regardless of new construction, a substitute levy's tax rate doesn't change, but the levy's annual revenue can increase as new homes get built and occupied. Under the current tax, property owners' tax bills gradually decrease as new homes get built and occupied.
You can find out more about the proposal by reading the district's one-sheet graphic, which is posted on the district's website.
About the Author