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Monroe School Board Closer to March Levy
Tuesday, December 4, 2007 9:50:05 AM - Monroe Ohio
by Bill Rogers

Monroe Local Schools needs a new building to house prekindergarten through fourth grade, but before they can get to that, they need money to build it.

Monday night the board held a special meeting, during which they passed a fourth resolution of necessity to consider placing a $4.2 million dollar property tax on the March ballot that would raise $1.2 million dollars a year to pay for operating a new school. The vote was supported by all board members but Michael Irwin, who felt the board should take its time before going back to the polls.

Three other options under consideration for funding the new school:

- A $5.4 million dollar, $28 million dollar bond issue.
- A 0.5% income tax levy that would raise $1.2 million dollars annually.
- Authority for the board to issue bonds for 28 years.

This doesn't mean that there will be a levy on the March ballot, the passed resolution only adds another option for the board in how they are going to fund this project. The board will meet again and decide how to proceed at a regular meeting on December 17th.
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