Bond Millage Reduction
Posted Tuesday, June 16, 2015
As the chief financial officer of the Loveland City School District, and on behalf of the Loveland Board of Education, I wanted to take the time to share with you – our Loveland investor – some important information about a bond millage reduction that was submitted by the Loveland City School District and has been approved by the Hamilton County Budget Commission. Information about the reduction was first communicated to you during the 2014 levy campaign, when the district informed you the bond millage would be reduced from 3.34 mills down to 1.75 mills (effective calendar year 2015).
This means that taxpayers living in the district will see a reduction of approximately $48 per $100,000 of appraised real estate due to the retirement of district bonds, and the reduction will be reflected when taxes are due in calendar year 2016.
It is of paramount importance to the Loveland Board of Education that our investors are aware that the promise that was made during the levy campaign was fulfilled. On behalf of the Board of Education and the entire Tiger Family, I thank you for your continued support and investment in the Loveland City School District.
Should you have any specific questions about our district finances, I encourage you to contact me directly. My door is always open.
Loveland City School District Treasurer & CFO