What's the estimated revenue from the School District Earned Income Tax?

Given the current IRS information (the most recent data is from 2016), the 0.25% tax would generate approximately $8.0MM of capital over the 25 year life of the income tax. That covers approximately 16% of the project cost.

Detailed Question

What's the estimated revenue from the School District Earned Income Tax?

If we wait past November to pass this ballot issue, will the 42% rate change?

Yes, potentially. The State contribution is based on a ranking system that ranks Rootstown against the other school districts in Ohio. That rank compares the wealth of one district to the others. As districts’ wealth changes from year to year, so might their percentage of State funding, which means Rootstown is at risk of changes in state funding each time the bond issue is delayed.

If we wait past November to pass this ballot issue, will there still be State money left?

Many other school building levies have passed lately, over 60% of all ballot issues in the last two election cycles compared to under 40% prior to that. The State's endowment fund is going to be leveraged more next year than this year. They are likely to steadily reduce the number of districts they can fund for the next few years. Fortunately, we are at the top of list for funding. However, another delay in passing the bond issue could jeopardize our position.

Detailed Question

If we wait past November to pass this ballot issue, will the 42% rate change?

How is the "Master Plan" or cost of the new school calculated?

The State of Ohio Facilities Construction Commission first estimates the school districts student population a few years into the future. In the case of Rootstown LSD, our estimated student count is 1,194 for 2021-2022 (we currently have 1,148 students, so the State expects the district to grow slightly). Then they use this population estimate to build a budgetary cost for the project based on square footage requirements. Their calculations are based on decades of project data and expected construction costs for coming years. 

Detailed Question

How is the "Master Plan" or cost of the new school calculated?

How long before the new facilities are finished, if the issue is passed in November 2018?

This is highly dependent upon approval of funding by the State of Ohio. While we are approved for funding by the state, we will not be given the green light until our project is shovel-ready, AFTER we pass the local bond issue to secure the remainder of the funding. In general, the current target date is to open the buildings in the Fall of 2022.

Detailed Question

How long before the new facilities are finished, if the issue is passed in November 2018?

What sort of details are available about the new buidings now?

Basic layout work has shown that a new, single building will fit in two possible areas on the current campus WITHOUT disrupting current buildings. Special precaution will be taken to ensure safety on the site.  This approach is used in many school construction projects.

Detailed Question

What sort of details are available about the new buidings now?

Project details were vague and unavailable in 2017. What is different this year?

In January, the school district enlisted Hasenstab Architects for "pre-bond" planning. Hasenstab will perform site layouts, cost estimates, build basic construction timelines and help the community get a concrete idea of what a new school will look like and hold. This information is being worked on by the team at Hasenstab now and will be shared as it is available. 

Detailed Question

Project details were vague and unavailable in 2017. What is different this year?

Can booster funds be used to pay for some of the athletic facility upgrades?

Yes, committing to the levy funding does not force our hand on where the actual payments come from. If the boosters want raise funds for the track surface, for example, they are able to do that and then pay the bill, aleviating the burden on the school district. The unused capital reduces the length of time the levy is needed, or provides operating funds for the future.

Detailed Question

Can booster funds be used to pay for some of the athletic facility upgrades?

Can Rootstown participate in the RITA City Tax?

RITA is a reciprocal system for sharing local income tax money with the cities in which residents live. If you pay Akron City taxes of 2% but live in a different RITA affiliated city that charges 1%, half of your Akron tax collected is handed over to your local city, keeping your total tax at 2%.

RITA, however, is only applicable for incorporated cities, not for townships. Rootstown is not able to levy a tax that would qualify for RITA inclusion.

Detailed Question

Why not participate in RITA (Regional Income Tax Authority), instead of using a local school income tax?