BG narrows school millage options PDF Print E-mail
Written by MARIE THOMAS BAIRD Sentinel Education Editor   
Wednesday, 19 December 2012 11:13
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The Bowling Green school board has narrowed its options for a levy issue to three.
At Tuesday's meeting, the board passed a resolution of necessity for a school property tax, sending to the Wood County Auditor's Office a request to provide the current tax valuation and the millage needed to generate $3.8 million, $3.945 million, and $4.033 million annually.
Treasurer Rhonda Melchi has estimated those amounts would be equivalent to 6.5 mills, 6.75 mills, and 6.9 mills, respectively.
The district is specifically staying shy of the 7-mill mark.
As for the highest dollar request, "We're guessing it will be under 7 mills," said board President Eric Myers.
That's less than a dollar a day, said board Vice President Ellen Scholl.
When asked his preference of the three options, Myers said he wished "we never have to ask the voters ever again."
But he added he would like to see an amount that "keeps the school district solvent as long as we can."
Of the options presented, a 6.5-mill issue would keep the district in the black until June 2015, then, based on Melchi's calculations, the district would be in the red at $46,996 in June 2016 and $2,621,316 in the hole June 2017.
A 6.75-mill property tax would put the district in the good to the tune of $1,197,470 in June 2015, and $318,373 in June 2016, but it would slide back into a deficit the next year to the amount of $2.1 million. 
The 6.9-mill option would give the district a positive balance of $1,329,000 in June 2015, and $537,595 in June 2016. But the district would be in a deficit the following year to the amount of $1.8 million.
Melchi pointed out the $537,595 balance of the 6.9-mill option in three years "would not cover one payroll."
While a 6.5 mill request would cost the owner of a $150,000 home an additional $298.59 a year, 6.75 mills would add $310.08 and a 6.9-mill request would cost $316.96, according to Melchi's calculations.
Melchi uses a $150,000 home for her calculations because in the Bowling Green community, a $100,000 home is not the norm, she explained at a meeting earlier this month.
The board will vote at its regular January meeting on which ballot option to choose. The tax issue will be on the May 7 ballot.
Also at the meeting, the board was entertained by four songs from the high school Madrigals, under the direction of Adam Landry. The singers got a standing ovation after their performance.
Last Updated on Wednesday, 19 December 2012 11:19
 

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