Woodmore School District Bond Measure (March 2012)

From Ballotpedia
Jump to: navigation, search
School bonds
& taxes
Portal:School Bond and Tax Elections
Bond elections
2014201320122011
201020092008
All years and states
Property tax elections
2014201320122011
201020092008
All years and states
How voting works
Other
State comparisons
County evaluations
Approval rates
A Woodmore School District Bond Measure was on the March 6, 2012 ballot in the Woodmore school district area which is in Ottawa and Sandusky Counties.

The measure was approved
Sandusky County:

  • YES 728 (55.15%)Approveda
  • NO 592 (44.85%)[1]

Ottawa County:

  • YES 679 (57.40%)Approveda
  • NO 504 (42.60%)[2]

This measure sought to issue a bond which would add 5.43 mills to the current property tax rate and would go towards building a new elementary school in the district. A similar measure was defeated in November, 2011, but the current bond is set at a lower rate. An additional levy of .5 mills will also be implemented to pay for permanent improvement costs in the district.[3] The total bond will raise $15.7 million over the life of the bond. This will be the third attempt by the district to get the measure approve, officials had hoped that informational meetings would help residents decide in favor of the school. Since it was approved, the Ohio School Facilities Commission will contribute 32 percent of the total cost of the project.[4]

Text of measure

The question on the ballot:

Shall the Woodmore Local School District be authorized to do the following:

(1) Issue bonds for the purpose of constructing, adding to, renovating,remodeling, furnishing, equipping and otherwise improving school district buildings and facilities, including constructing, furnishing and equipping a new elementary/middle school building as may be required for participation in the State of Ohio Exceptional Needs School Facilities Assistance Program, and acquiring, improving, clearing and equipping the sites thereof, in the principal amount of $15,709,840, to be repaid annually over a maximum period of 37 years, and levy a property tax outside the ten-mill limitation, estimated by the County Auditor to average over the bond repayment period 5.43 mills for each one dollar of tax valuation, which amounts to 54.3 cents for each one hundred dollars of tax valuation, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?

(2) Levy an additional property tax to provide funds for the acquisition, construction, enlargement, renovation, and financing of general permanent improvements at a rate not exceeding 0.5 mill for each one dollar of valuation, which amounts to 5 cents for each one hundred dollars of valuation, for a continuing period of time?[5][6]

References