March 17 - Zero Tax Increase
On The Ballot
The Beavercreek City School District is on the March 17 ballot for a 9.85-mill substitute emergency levy, which if passed, would continue to provide critical operating dollars.
How Much Will Taxes Increase?
There are no new taxes. This particular levy was last approved by voters in 2015 and is set to expire in 2021. Beavercreek residents already see this levy on their tax bill.
What Happens If It Passes?
Passage will continue the funding needed to maintain programs and services our school district currently provides. The March 17 request will allow us to create a student-centered, inclusive learning environment through innovative opportunities that inspire and empower all to lead and serve.
How Will The Money Be Utilized?
Collected revenue will help fund day-to-day operations of our schools, such as teachers, technology, utilities, and classroom supplies. Money WILL NOT be used for the construction of a new high school.
What Happens If It Fails?
Failure would have a devastating effect and the need does not go away. In fact, if we do not secure these funds prior to the expiration of this levy, then the district cannot provide the educational programming and services to our students that the Beavercreek community expects.
What The Levy Is Worth
If approved by voters, it will generate $18.5 million per year, which constitutes 18% of the school district's general fund.
Making It Continuous
Why is there a need to make this levy continuous? Voter approval would create a situation where the school district could see revenue growth over time. The substitute emergency levy would automatically collect $18.5 million per year and take in additional revenue from new construction. The cost to educate our children keeps increasing and this levy will help our community keep up with those rising costs.
Does The Homestead Exemption and Rollback Apply?
Yes, it does.
The Ohio Homestead Exemption is a tax credit that allows elderly and disabled homeowners to reduce their home's market value by $25,000 for property tax purposes.
The Homestead Rollback Credit reduces the property taxes due by 10%.