Cleveland schools asked for two tax increases: a 10-year tax to generate an estimated $52 million per year and a bond issue to borrow $295 million to build new buildings and improve existing ones.
A young lady placed the ‘I Voted’ sticker on her cheek after he mom voted at the Frederick Douglas Neighborhood Resource and Recreation Center polling site on Election Day.CLEVELAND, Ohio — With 320 of 336 precincts counted, Cleveland Metropolitan School District’s 11.25-mill tax increase was winning, with 66.4% of votes for it and 33.5% of votes against it.to generate an estimated $52 million per year, and a bond issue to borrow $295 million to build new buildings and improve existing ones.
The 10-year levy would cost $301 annually for each $100,000 of a property’s appraised value, according to the county’s estimate. The owner of a median Cleveland home would expect to pay $240 per year, according to a news release from the school district. Over 35 years, the bond issue would cost $93 annually for each $100,000 of a property’s value.
The district, however, has said that it anticipated $80 million in cuts with or without a levy, but the cuts would have been another $80 million deeper without a levy, Obrenski said.— including Mayfield, Richmond Heights and Strongsville — voters were asked to approve proposed tax increases to fund a new elementary school, improved school security,In a tight race, the Mayfield schools levy had 57.7% of votes for it and 42.2% of votes against it, with 18 of 27 precincts counted.
The second is a bond issue to build school facilities and renovate and expand existing buildings, including under a program of the Ohio Facilities Construction Commission. The district would borrow $15,445,000, to be repaid annually over a maximum period of 37 years. It’s estimated the bond issue will cost $113 for each $100,000 of a property’s value appraised by the county.
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