Issue 08: North Olmsted City School District Bond Issue + Tax Levy
Issue 8 on the Nov. 8 ballotNORTH OLMSTED CITY SCHOOL DISTRICTProposed Bond Issue and Tax LevyA majority affirmative vote is necessary for passage.Shall the North Olmsted City School District be authorized to do the following:(1) Issue bonds for the purpose of constructing, furnishing and equipping a new elementary school building and otherwise improving school district buildings and facilities and acquiring, clearing, improving and equipping their sites in the principal amount of $58,000,000, to be repaid annually over a maximum period of 37 years, and levy a property tax outside the ten-mill limitation, estimated by the County Fiscal Officer to average over the bond repayment period 2.8 mills for each one dollar of tax valuation, which amounts to 28 cents for each one hundred dollars of tax valuation, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?(2) Levy an additional property tax to provide funds for current operating expenses at a rate not exceeding 5mills for each one dollar of tax valuation, which amounts to 50 cents for each one hundred dollars of taxvaluation, for a continuing period of time?Propuesta de Emisión de Bonos y Recaudación de ImpuestosDistrito Escolar de la Ciudad de North OlmstedSe requiere un voto afirmativo por mayoría para su aprobación.¿Deberá autorizarse al Distrito Escolar de la Ciudad de North Olmsted a hacer lo siguiente?:(1) Emitir bonos con el fin de construir, amueblar y equipar un nuevo edificio escolar de enseñanza primaria ymejorar los edificios e instalaciones del distrito escolar y adquirir, despejar, mejorar y equipar sus sitios en lacantidad capital de $58,000,000, que se pagará anualmente durante un período máximo de 37 años, yrecaudar un impuesto sobre la propiedad aparte de la limitación de diez milésimos, calculado por elFuncionario Fiscal del Condado para promediar durante el período de pago del bono emitido 2.8 milésimospor cada dólar de valoración tributaria, lo cual representa 28 centavos por cada cien dólares de valoracióntributaria, para pagar los cargos anuales de la deuda en los bonos y para pagar los cargos de la deuda en lospagarés emitidos en anticipación a dichos bonos.(2) Recaudar un impuesto sobre la propiedad adicional para proveer fondos para gastos operativos actualesa una tasa que no exceda los 5 milésimos por cada dólar de valoración tributaria, lo cual representa 50centavos por cada cien dólares de valoración tributaria, por un período continuado de tiempo.LEAGUE EXPLANATION: This is a 7.8 mill combined Bond Issue (2.8 mills) and Operating Levy (5 mills) that will cost a homeowner $22.75 per month on $100,000 taxable (assessed) home value ($273 per year). One mill equals $1 per each $1,000 of property value. Assessed value is 35% of market value in Cuyahoga County.Background· This issue failed in May 2022, but the school district is coming back to voters in November, hoping it will pass this time. North Olmsted is a city of 31,681 residents. The North Olmsted City School District serves 3,601 students and is the largest employer in North Olmsted, with 576 employees.· The last operational levy in North Olmsted was passed in 2010, a 7.9 mill Operating Levy.· In 2014, North Olmsted voters approved an $83 million 34-year bond to construct a new Middle School and High School.· Student enrollment in North Olmsted City Schools has steadily declined over the last decade, mirroring decreasing enrollment across much of the county. Enrollment has decreased 11% since 2014, when it stood at 4,050.· As of March 2017, 40% of North Olmsted students were economically disadvantaged and 50% qualified for free or reduced meals.· One-third of North Olmsted’s teaching staff has 20-30 years of experience. Salaries and benefits make up about 64% of expenditures. Expenditures are expected to increase by 2% annually over the next five years, or by nearly $10 million.
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Yes - For the Measure
No - Against the Measure
North Olmsted must replace its aging elementary schools. They are costly to maintain and in great need of repair. By passing this Bond Issue, North Olmsted will have a brand new, state-of-the-art, centralized pre-K - 5 school that has these advantages: Improved security for students and staff; better coordination of student services; technologies for the 21st century to best support student learning. While it's a centralized building, students can still have separate spaces by grade level.
Separates the cafeteria and gymnasium with much more space than North Olmsted has currently.
Classrooms will be designed to promote a better learning environment. And new school buildings have been shown to improve academics, reduce absenteeism, and minimize stress for students.
• If this issue passes North Olmsted will have a new PreK-5 Elementary School open for the 2025-26 school year.
• North Olmsted has not had a property tax increase for schools in eleven years. This despite revenues being flat. The City has been a strong steward of school tax dollars and only asks for more funds when they are unavoidable and required.
• Currently, property taxes in North Olmsted ($2,573 / $1,000 of home value) are lower than neighboring Fairview Park ($2,723), Olmsted Falls ($2,600), and Lakewood ($2,617) about the same as Bay Village ($2,525), and higher than wealthier neighbors Westlake ($1,911) and Rocky River ($2,122). This levy will cost homeowners $22.75 per month.
The district has reduced the Operational Levy portion after committing to $2 million in reductions, including $800,000 savings in closing Forest and Spruce Elementary Schools. City officials have stated their intention to obtain and improve the properties where the current elementary schools sit. A community task force has helped decide that the new school will be built on the current Birch site. Traffic concerns have been addressed.
• Property taxes are already high. This levy will add $22.75 monthly (per $1,000 of home value) or an additional $273 per year. It is too much, especially for long-time residents who may be on fixed incomes and can ill afford more taxes.
• A centralized school takes away the neighborhood schools that allow students to walk to their schools and socialize with other children from the same neighborhoods.
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