OAKWOOD, Ohio (WDTN) – Oakwood Schools’ Board of Education says they will move forward with a two-part request on the May 7 ballot: a 4.99 mil operating levy and a 2.7 mil bond.
The operating levy would generate around $1.6 million in annual revenue for the district, which would be used for staffing, utilities, and instructional materials.
Taxpayers’ additional investment for the levy would be $175 annually per $100,000 of an appraised home value, according to the Montgomery County Auditor.
The operating levy would first be payable in 2020 and would be continuing.
“We are keenly aware of the investment our residents already make in the Oakwood Schools. No one wants to raise taxes, but we believe the schools represent a great return on our community’s investment. These operating dollars will allow us to retain a quality staff and provide an exceptional quality of education, preparing all of our kids for their very bright futures,” Superintendent Dr. Kyle Ramey said.
Officials say this is the district’s lowest ask for operating dollars in 30 years.
The 2.7 mil bond, on the other hand, would generate $18 million, which would be used for facility improvements, specifically Phase 1 of the Master Facility Plan.
Taxpayers’ contribution for the bond would be $95 annually per $100,000 of appraised home value.
“We have heard from our community the desire to maintain and preserve out beautiful and iconic buildings and our plan honors those desires. Phase 1 is focused on prioritized, foundational infrastructure at the Junior and Senior High buildings, and targeted infrastructure at Smith and Harman to address critical upgrades,” says Board of Education President Todd Duwel.
A campaign committee of Oakwood community members has been organized to gain support for the ballot issue.
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