Ballot Language Explanation

Issue 10

November 6, 2007

I. Official Ballot Language

10 PROPOSED TAX LEVY (ADDITIONAL)

STREETSBORO CITY SCHOOL DISTRICT

A Majority Affirmative Vote is Necessary for Passage

An additional tax for the benefit of the Streetsboro City School District for the purpose of current operating expenses at a rate of 3.6 mills for five years and for the acquisition, construction, enlargement, renovation and financing of general on-going permanent improvements at a rate of 1.5 mills for five years to constitute a tax at a rate not exceeding 5.1 mills for each one dollar of valuation, which amounts to $0.51 cents for each one hundred dollars of valuation, commencing in 2007, first due in calendar year 2008.

rFOR THE TAX LEVY

rAGAINST THE TAX LEVY

II. What Does It Mean?

An additional tax for the benefit of the Streetsboro City School District

The ballot wording calls the issue an “additional” tax because the current tax rate paid on the expiring “emergency” levy is 1.98 mills less than tax rate of 5.1 mills approved five years ago. Remember, the 5.1 mills takes into account 3.12 mills that you now pay.

for the purpose of current operating expenses at a rate of 3.6 mills, for five years

This language describes the first part of the ballot issue, which is to provide money for day-to-day operating expenses for the next five years. You now pay these costs with money from the expiring “emergency” levy.

and for the acquisition, construction, enlargement, renovation and financing of general on-going permanent improvements at a rate of 1.5 mills for five years

These words describe the second part of the issue, which is to pay for “big ticket” capital improvement needs for the next five years. These are the things that preserve and protect your investment in your schools.

Acquisition examples include buying school buses, musical instruments and computers.

Construction, enlargement, renovation examples include repairing roofs, repaving parking lot, replacing boiler systems and improving school building handicapped access.

to constitute a tax at a rate not exceeding 5.1 mills for each one dollar of valuation, which amounts to $0.51 cents for each one hundred dollars of valuation,

Theses are legal terms that describe the cost. A simpler way to say it is that the additional cost over what taxpayers paid in 2007 is $5 per month if your home is worth $100,000 or $10 per month if your home is worth $200,000.

commencing in 2007, first due in calendar year 2008.

This language describes the time frame of the issue. Citizens are voting on the tax in 2007 and will first see the tax applied to their property tax bills in 2008. Remember, Streetsboro voters will have to vote again if the tax is to be collected after the year 2012.