Loveland School Board passes resolution to place levy on the May ballot
Posted Wednesday, January 22, 2014
At the Tuesday, Jan. 21, Business Meeting, the Loveland City School District Board of Education unanimously voted to pass a resolution declaring the necessity of an operating levy in the amount of 5.6 mills (the equivalent of $196.00 annually per $100,000 home valuation). This second unanimous vote makes the resolution official; the initial vote was held during a special meeting of the Board Tuesday, Jan. 14.
“We are fortunate to have a community that supports our school district and especially our students; this is the moment for the entire Tiger Family to join forces to move the district forward,” said Loveland Superintendent Chad Hilliker. “This is an investment in the future of Loveland – an opportunity to continue the excellent education we provide to our 4,700 students and to provide more opportunities for science, technology, engineering and math.
“As evidenced in past levies, our community understands the value of investing in the education of its youngest citizens. We are confident we will see a strong show of support again in May.”
The district’s last levy was passed in 2011; the 3.5 mill levy was intended to be a bridge to 2014 with the district making a strategic decision to utilize the district’s cash balance to assist with revenue during the economic recession. If the upcoming levy would fail there would need to be substantial cuts in staffing and support services.
“Conscious of the economic times we were experiencing in 2011, we made a promise to our Loveland investors to stay off of the ballot until 2014, and that is a promise we have maintained through conservative fiscal management,” said Loveland Treasurer/CFO Brett Griffith. “We will continue to look for every opportunity to operate in a conservative manner, but we must also move the district forward. This 5.6 mill levy would allow the district to rebuild the cash reserve we were forced to utilize during the recession, and add additional revenue to continue to make strides in providing advanced academic opportunities for our students.”
According to the Hamilton County Auditor the 5.6 mill levy will generate an additional $4,222,401 of revenue for the district each year. To learn more about district finances, please visit the district website under “Our Financial Story” which can be accessed under the Quick Links section.