Issue 22: Lake Local School District Levy
Additional, 9.5 Mills, current expenses, 5 years, commencing in 2024Lake Local School District is asking district voters to pass Issue 22, a 9.5 mill property tax levy, commencing in 2024 to support operating expenses. The new levy would be in effect for 5 years. The cost of the 9.5 mill levy would be $333 per $100,000 of County Auditor Appraised Value for residential properties. This levy will generate $6,108,000 per year for 5 years. Residents will not begin paying for this levy until calendar year 2025 tax bills. The cost to taxpayers will decrease over the 5 years as the taxing district adds new properties.The last operating levy was passed in 2006 for 11.1 mills and continues. When an existing 1999 27-year bond issue expires, tax bills after 2026 will be reduced by about $98 per $100,000 Appraised Value.This is the third levy request in two years. Following the defeat in May 2023, 13 staff positions were reduced for 2023-2024, as well as an increase to athletic activity fees and additional fees for certain clubs and after school activities. A performance audit was conducted by the Ohio Auditor of State’s office and is available at: https://ohioauditor.gov/auditsearch/detail.aspx?ReportID=9eb58f36-d9d6-4709-8ff2-49f491ab6025.The defeat in November 2023 resulted in a reduction of 10 additional staff positions for 2024-2025.As of 2022-2023, 53% of the General Fund revenue comes from the State of Ohio. The LLSD general fund budget is nearly $40 million which is supported by 11 other current non-renewable levies dating back to 1968. The District enrolls approximately 3,300 students.Additional information is available on the school district’s web site, www.lakelocal.org/find-it-fast/levy-information.Helpful resources:Find your Stark County property parcel #.Use the Stark County Tax Estimator to approximate how tax levies and bond issues (proposed or recently passed) will impact your specific property.
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