Strongsville City School District Bond Measure (November 2012)
|
|
|
A Strongsville City School District Bond measure was on the November 6, 2012 election ballot in Cuyahoga and Lorain County, Ohio ballot measures, which are in Ohio, where the vote was too close to call.
If approved, this measure would have authorized the issue of bonds in the amount of $81 million and the levy of 2.9 mills for each one dollar of valuation (29 cents per $100 assessed valuation) for 33 years to repay the bonds. This revenue is to be used for construction, renovation, equipping and general improvement of the buildings and facilities of Strongsville City School District.[1]
Election results
Lorain County
| Strongsville CSD Tax Question | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 No | 33 | 82.50% | ||
| Yes | 7 | 17.50% | ||
Election results from Lorain County 2012 General Election Results Summary, December 14, 2012.
Cuyahoga County
| Strongsville City School Bond Issue | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 11,222 | 50.06% | ||
| No | 11,194 | 49.94% | ||
Election results from Cuyahoga County, Current Election Results
Text of measure
Language on the ballot:
| “ | Shall bonds be issued by the Strongsville City School District for the purpose of constructing, renovating, remodeling, rehabilitating, adding to, furnishing, equipping and otherwise improving buildings and facilities, and preparing, equipping and otherwise improving real estate and interests therein, for School District purposes in the principal amount of $81,000,000, to be repaid annually over a maximum period of 33 years, and an annual levy of property taxes be made outside the ten-mill limitation, estimated by the County Fiscal Officer to average over the repayment period of the bond issue 2.9 mills for each one dollar of tax valuation, which amounts to 29 cents for each one hundred dollars of tax valuation, commencing in 2012, first due in calendar year 2013, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?[1][2] | ” |
See also
Footnotes
- ↑ 1.0 1.1 Cuyahoga County Elections, Issues List
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
| ||||||||||
|
|
