31. STOW-MUNROE FALLS CITY SCHOOL DISTRICT - Proposed Bond Issue
31. STOW-MUNROE FALLS CITY SCHOOL DISTRICT – Proposed Bond Issue - Shall bonds be issued by the Stow-Munroe Falls City School District, Summit and Portage Counties, Ohio for the purpose of constructing, improving, furnishing, and equipping four new PK-5 elementary schools and one new 6-8 middle school, with related site improvements and appurtenances thereto; improving, renovating, furnishing, and equipping existing facilities; constructing, furnishing, and equipping new facilities for school district purposes; and demolition of existing facilities in the principal amount of $238,005,493, to be repaid annually over a maximum period of 35 years, and an annual levy of property taxes be made outside of the ten-mill limitation, estimated by the county fiscal officer to average over the repayment period of the bond issue 8.89 mills for each $1 of taxable value, which amounts to $311 for each $100,000 of the county fiscal officer’s appraised value, commencing in 2024, first due in calendar year 2025, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?The financial impact of measures varies depending on type of levy. Learn more at: https://fiscaloffice.summitoh.net/index.php/property-tax-rates
