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Agenda. Funding. New K-12 Campus. Challenges & Rumors. Current Taxes. New K-12 Campus. Why? Age, 1919, 1921, 1967 Condition Flexibility Maintenance & Operations costs ($955,452/yr), expect savings > $250,000 yr with new facilities Safety Security
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Agenda Funding New K-12 Campus Challenges & Rumors Current Taxes
New K-12 Campus • Why? • Age, 1919, 1921, 1967 • Condition • Flexibility • Maintenance & Operations costs ($955,452/yr), expect savings > $250,000 yr with new facilities • Safety • Security • Enrollment decline from 1680 to 805 (projected 2013) • Community forum’s fall 2008 • Consolidated K-12 Campus format • Current 52 acre Baker site (size, utilities, athletic facilities) • 3 years from approval of issue to occupation of new facility • Solidifies the viability of the district
New K-12 Campus… Example Building Layout • Consolidated K-12 hub & spoke layout • Centralized administration, athletics, auditorium, cafeteria and support services • Separate wings for Elementary, Jr. High, High School students • Single floor elementary wing secluded on backside of campus • Two floor Jr. High and High School wings on frontside of campus • Excellent segmentation & security • Linear expandability for each wing • Designed for multi-use community access
New K-12 Campus… Example Site Layout • New facility would overlay existing Baker building • Considering various phased construction options to minimize impact to students and costs • Would align with current athletic fields and facilities • Would include addition of two additional practice fields and relocation of baseball fields
New K-12 Campus… Example Architecture & Styles
Funding • Renovation costs nearly equivalent to new construction • Construction costs have escalated 4%/yr over the past 7 years • Temporary decrease (%15) in costs due to national economy • 8.1 mil “Bond” issue that generates $22.5 million to be repaid over 37 years (@5.25%) • Typical district home tax-valued at $100,000 would pay $20.67 per month, about $0.68 per day. • What about State funding? • Ohio School Facilities Commission (OSFC) 20% matching funds unavailable until 2015 • Accepting OSFC funds increases project costs by 20% • Qualified School Construction Bonds? • At least $3.2M of interest free (0%) money for 14 years • One time availability (now) as part of Federal Stimulus Legislation
Current Taxes • Current total school millage at 52.06 mil • Current Vienna total millage at 75.76 • Current Fowler total millage at 77.56 • 12.68 mil operating levy passed May 1999 • Reduced to 9.76 mil in November 2003 • Reduced to 9.25 in November 2008 • Original 8.9 & 4.4 mil operating levies combined & reduced to 8.7 in November 1999 • Reduced again to 7.9 mil in May 2005 • Lakeview = 43.05 • Maplewood = 48.45 • Liberty = 50.90 • Brookfield = 51.50 • Hubbard = 58.85
Challenges & Rumors • Already in financial trouble? • Budget is black for 2009, 2010, 2011(after mitigation plan for 2011) • Plans being formulated to reduce $1,199,697 forecast deficit for 2012 • Teachers and Staff oppose this? • While there are genuine staffing concerns neither the Mathews Education Association (MEA) or the Ohio Association of Public School Employees (OAPSE) has opposed this plan. • Board members are quitting because they’re opposed to this plan? • Balderdash. No BOE member has quit and those not seeking re-election are doing so for personal reasons. • They’re going to destroy the old buildings? • No. Disposition of the existing buildings has yet to be decided by the community and the BOE.
Challenges & Rumors… • They’re closing Neal building if this levy issue fails? • These are two separate & distinct issues • The BOE has decided to close Neal in 2010 for maintenance, safety, and cost savings reasons. • The money will go to raises? • Bond issue funds cannot (by law) be used for anything other than the construction, furnishing, and equipping of the facility. • Staff salaries are funded out of the operating budget funds of the district • Local Economy • Lost 20,900 jobs in last 10 years • 6.5% local unemployment, 5.8% state • Population decrease of 13,000 in last 10 years, expect 3,000 more in next 10 years. • New home construction down 66% since 2003 • Personal Demographics • $38,298 median household income • 44% have HS education • 14% have Bachelors degrees • On the good side, local cost of living factor is 91.4% of national baseline
Appendix Trumbull County Tax Rates for 2008 Youngstown/Warren Regional Chamber Factbook
Trumbull County Tax Rates for 2008 If you wish to calculate your real estate taxes, use the following formula (Mill is $1 for each $1,000 assessed value): Market value x .35 = Assessed Value Assessed Value x effective rate (on tax rate sheet, and move decimal three places to left) = gross tax If you're calculating residential owner-occupied property, multiply gross tax by .875 (for state rollbacks, 10% rollback, and the 2.5% rollback for owner-occupied property) This will give you annual net tax. Note: A tax bill may include a charge for a Special (or current) Assessment. This represents a special charge to pay for certain services and/or improvements such as sewers, lighting, urban forestry, etc. Such assessments are not taxes, but are collected as part of your tax bill.) Source: http://www.auditor.co.trumbull.oh.us/pdfs/Tax_rates2008.pdf
