Some facts about the 4.5 mill operating levy on May 7, 2013
The May operating levy is critical because the district lost more than $4 million in funding from the State of Ohio. A 4.5 mill levy will generate almost 4 million dollars to replace these funds.
Through budget reductions and conservative spending, the district has made every effort to ask for the least amount of millage possible and 4.5 mills is the lowest operating levy request in the history of Milford Schools.
A 4.5 mill operating levy will cost a homeowner $11.42 per month ($137 per year) on $100,000 of assessed property valuation.
Preliminary data shows, even with a potential increase in state funding under Governor Kasich’s new proposal, the district still needs this operating levy. The best case scenario for Milford is that any increase in state funding could reduce the amount of reductions or extend the life of the levy. More details will be shared once they become available.
Because the levy did not pass in November 2012, Milford will not receive additional funding from real estate taxes this year. In order to ask for 4.5 mills again, the district had to make an additional $750,000 in cuts this school year and another $1.4 million in permanent cuts beginning in the 2013-14 school year.
More detailed information can be found in the following documents:
Video: Why do Milford Schools Need a Levy? (3:00 min)
Video: Milford Schools: What's at Stake? (1:48))
Levy Fact Sheet (pdf)
Summary of Budget Reductions (pdf)
Presentation on Finances (pdf)