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FAQ Facilities Bond Issue
FAQ Facilities Bond Issue
The information being provided is merely factual, district personnel are not allowed to advocate
for or against the passage of the levy or bond issue during times they are being compensated by
the district.
Based on information obtained from the Lorain County Auditor’s website, homeowners
can calculate the estimated impact the bond issue will have on an individual basis at this
link BOND ISSUE CALCULATOR. Please do not use Zillow, Trulia, etc. to determine the
value of your home for tax purposes. The Lorain County Auditor’s value is what your
taxes are based on and is the only value certified by the State of Ohio.
A 7.6 mill bond issue increases taxes by $266 for each $100,000 of market value. The debt that
is expiring is equivalent to approximately $70 for each $100,000 of market value. The net cost
per $100,000 market value is $196 per year.
How can the tax amount in the Bond Issue Calculator be accurate without knowing what
my home value is for tax year 2023?
The Bond Issue Calculator can generate an estimated cost based on your current
taxable/assessed value for tax year 2022. Per State Law, the District has to establish the ballot
question parameters in the summer months of 2023 for the November election, which are based
on tax year 2022 values that have been certified by the State of Ohio.
What does 7.6 mills mean? Why do I see both 7.6 mills and $170 million listed for the cost
of the bond issue?
Mill is not an abbreviation for million. The property tax rate is measured in mills; a "mill" is one
tenth of a cent and is used in expressing tax rates on a per-dollar basis. This translates to $1 for
each $1,000 of assessed property value. Keep in mind that your "assessed" value is 35% of the
auditor's fair market valuation.
The value of my home increased. Should I expect my property taxes to increase at the
same percent?
No, taxes do not increase in direct proportion with an increase in property value. Ohio Revised
Code prevents an increase in revenue from voted levies due to inflation.
If property values increase will the District collect more than the stated ballot amount?
No, the District’s annual debt service (principal and interest) will be a fixed number, therefore, as
property values increase, less millage will be required to meet the annual debt service
requirement.
What are the potential operational cost savings and how were they determined?
The total potential operational savings are between $1.5 and $1.9 million dollars. This includes
savings from utilities, repair costs, operational reconfiguration, and permanent improvement
fund expenses. Savings were calculated based on taking the average actual costs for the
2018-19, 2020-21, and 2021-22 school years. 2019-2020 was not included due to COVID
school closure.
Will the district still need to pass an operating levy in the future?
The last operating levy was passed in 2013. It was a ten year operating levy. However, due to
the financial stewardess of the district, we are still operating off of this levy for the next few
years, based on the 5 year forecast. The 5-year forecast shows us ending the 2024-2025
school year with a $6.9M cash balance. Our current thought is we would need to put an
operating levy on the ballot sometime in calendar year 2025. The forecast is updated each
October and May, and we will continue to monitor the forecast.
PROGRAMMING
How will younger students be kept separate from older students?
The new schools will be designed with the “studio” concept. Classes of one grade level will
share common spaces that connect to the individual classrooms, and each grade level will have
their own studio. Students will be scheduled into multi-grade spaces (cafeteria, art, PE, etc.) at
different times.
Will 5th grade students have band and orchestra in the elementary schools?
Yes, we will continue to offer band and orchestra classes in 5th grade.
LOCATIONS/CONFIGURATIONS
How did you decide on the number of schools and locations?
The Avon Lake City Schools Facilities Committee, made up of parents, community members,
staff members, district administrators, and representatives from the board of education looked at
many different scenarios. After looking at the pros and cons of the different scenarios, the
current proposal best addressed the needs related to costs, educational programming,
neighborhood schools, land availability, infrastructure, transportation and grade level
configurations.
What will happen to the existing properties the district doesn’t use for new schools?
Part of the scope of the projects is to remove all the existing PK-8 buildings once we transition
into new facilities. At Erieview, we plan to maintain the land once the building is removed for
future expansion of athletic fields or other usage as determined. We are exploring the possibility
of working out an arrangement with the city for use of the Redwood facility for a senior center,
city recreation programs and eagle watchers. The other properties would be sold and the
money raised would be dedicated to facilities projects.
ADDITIONAL INFORMATION
What will the ballot language look like?
AFFIRMATIVE VOTE IS NECESSARY FOR PASSAGE
Shall bonds be issued by the Avon Lake City School District for the purpose of
constructing, furnishing, and equipping two new PK-5 elementary schools and one new
6-8 middle school, with related site improvements and appurtenances thereto;
renovang, repairing, furnishing, equipping, and constructing additions and
improvements to Avon Lake High School, with related site improvements and
appurtenances thereto; improving, renovang, furnishing, and equipping existing
facilities or constructing, furnishing, and equipping new facilities for school district
purposes; and replacing existing equipment and constructing various permanent
improvements school district-wide in the principal amount of $170,000,000, to be repaid
annually over a maximum period of 37 years, and an annual levy of property taxes be
made outside the ten-mill limitation, estimated by the county auditor to average over the
repayment period of the bond issue 7.602324 mills for each $1 of taxable value, which
amounts to $266 for each $100,000 of the county auditor’s appraised value,
commencing in 2023, first due in calendar year 2024, to pay the annual debt charges on
the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?