Portage Co. Issue 33 Rootstown Local School District Bond issue, additional tax levy; income tax increase
Amount and explanation: An additional annual income tax on the earned income of individuals residing in the school district at a rate of 0.50% for a period of 25 years for general permanent improvements beginning January 1, 2018.A $15.635 million Bond Issue for the purposes of constructing, furnishing and equipping and otherwise improving school district buildings and facilities and acquiring, clearing, improving and equipping their sites. A 3.95 mills additional tax levy for 37 years beginning in 2017 to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds. (Legal Notice)
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