Eastwood looking for support through levy renewal PDF Print E-mail
Written by Sentinel-Tribune Staff   
Saturday, 12 October 2013 08:17
eastwood_rotator
PEMBERVILLE - Eastwood has one shot this year to continue to collect on tax for improvements in the district.
Administrators are asking voters to support the renewal of a permanent improvement tax Nov. 5.
The five-year, 2.0-mill tax will not increase taxes paid by residents, who have been paying on this tax since 1994. The levy expires this year.
Superintendent Brent Welker said the owner of a home valued at $100,000 should expect to pay just $33.69 per year.
The effective rate of the issue is 1.1 mills; the levy cannot collect more than what was collected when it originally passed, and with the increase in home values, the per household share has dropped.
The school board had originally planned to ask taxpayers to support the request for a continuing time, which means it would never expire, but backed down amidst community concerns.
The tax generates $265,000 annually for improvements to the district's infrastructure, such as bus repairs, carpet replacement, parking lot repair, building maintenance, and bus purchases.
The need for the money won't go away, although Eastwood has received a windfall from a planned Home Depot distribution center.
"We want to continue to maintain current levels of funding," said Welker. "How we're going to utilize Home Depot money is yet to be determined."
The district will receive $675,000 annually from a tax abatement agreement with the distribution center in Troy Township, starting in 2015. The district is expected to receive $10,125,000 through January 2029 because of the agreement.
This levy will continue to pay for new buses, windows, roofs and paving repairs, Welker said, adding that the Home Depot money will be used for long-term facility needs.
"But in the meantime we have many other issues with day-to-day (projects) in the district," Welker stated.
 

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