The Upper Arlington Board of Education unanimously approved a resolution of necessity Monday, July 15, to place a 4-mill continuing operating levy request on the fall ballot.
If approved by voters, the 4-mill levy would generate between $6.3 million and $6.4 million per year for the school district and would cost homeowners an additional $140 per year for every $100,000 of home value, district Treasurer Andy Geistfeld said.
Superintendent Paul Imhoff said asking voters for only 4 mills is possible because of recent budget reductions.
He said if voters pass the levy, district leaders will make a commitment to “ensure funding meets the district’s financial needs for four years” and to “ensure an unreserved fund balance of approximately three months ($24 million) at the end of fiscal year 2018.”
“We think it is imperative that if we ask our residents to step up and support our schools that we have an efficiency plan to make the levy funds last and ensure that any reductions will have no impact on student education,” Imhoff said.
For more on this story, see the July 18 edition of ThisWeek Upper Arlington News.