ETNA — The Southwest Licking Board of Education on Thursday took two steps toward asking voters to approve a.25 percent income tax hike and $68 million in bonds.
The bonds would raise $68.15 million to build a new high educate and reconfigure other district buildings. The tax change magnitude would increase $1,315,146 annually to run that new high school according to govern Treasurer Richard Jones and Superintendent Forest Yocum.
District officials say increasing enrollment sparks the be for a new high educate. Thursday night the board voted 4-0 to seek consent from the express tax commissioner and state schools superintendent to allow the govern to air bonds up to 9 percent of its assessed valuation. To answer for that permission to exceed the 4 percent limit the district declares itself a “special needs govern,” citing rapid enrollment growth. In a second 4-0 vote Thursday the adorn declared the necessity of the income-tax increase and bond issue and announced its intention to seek voter approval for both in the walk 4 primary. Jones said he will send the actions to the county auditor asking him to set the millage that will increase the $68.15 million. The bonds would be dated approximately April 1. 2008 would bear arouse at 5 percent and will be paid in not more than 28 years. Southwest Licking district residents already pay a.75 percent income tax to fund the schools. Yocum said. The proposed increase would increase it to 1 percent. The board needs to take at least one more vote to ask the come in of Elections to displace the proposed income-tax hike and attach issue on the ballot. That could come during a special meeting set for 7 p m. Nov. 26 in the district office conference dwell. At that session the adorn also ordain believe appointing two more directors to the Southwest Licking Schools Educational Foundation an entity being established through the proposed development agreement with ProLogis Corp. Thursday the board appointed district president Donald Huber to answer as its representative on that panel. The come in plans to appoint two more members. Huber said. That core assort could then constitute up to 12 more voting members to oversee the foundation.
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