Vote No on the Clyde Green Springs Levy

Defeat this School Levy (Again)

UNDERSTANDING THE LEVY

Operating Levy
Used to raise funds for any legal expenditure
Most often used for day-to-day operation of school districts (books, salaries, supplies, equipment, building maintenance, etc.)
May be either for a limited period or an indefinite period
Revenue does not increase as market values increase
Personal property and public utility valuation increases and decreases will produce more, or less, income respectively
Levy renewal is at same effective tax rate
Replacement levy is at original millage.

EMERGENCY LEVY
Similar in function to an Operating Levy
Brings in a fixed (specific) amount of money for use for purposes of operation only
Can run no more than five years
An emergency resolution must be approved by voters
Does not effect the county’s reduction factor
Personal property and public utility valuation increases and decreases will not produce more, or less income respectively.
Revenue does not increase as market values increase
Levy renewal is at the same dollar amount.
A replacement levy is not permitted
Is exempt from the 20 mil floor limit

REPLACEMENT LEVY
In the strict sense of the word, this levy does not actually replace a current levy.
The reduction factor/millage is brought back to the original amount.
Uses current market values to determine/set tax rates.

RENEWAL LEVY
Keeps a current levy on the books
The same amount of money will be collected as when the levy first took effect (was originally voted in)

PERMANENT IMPROVEMENT LEVY
Raises funds for a specific permanent improvement(s) (construction & repair of buildings, sidewalks, parking garages, etc.)
Money is generated as it’s collected from taxpayers, therefore, no interest is paid on the money
Limited to a period of five years or less.
Levy renewal is at the same effective tax rate.
A replacement levy is at the original millage.

BONDS
Raises funds for permanent improvements (structures) to a district’s buildings & grounds or for immediate construction of a new building(s)
Used to pay off debts
Money can only be used for the purpose stated on the ballot (not for operating expenses)
Bonds are sold in the amount approved, then money is used to pay for improvements
Money is paid back with interest, usually over 20 or more years
Exempt from the 20 mil floor limit.

http://www.senecacountyauditor.org/

Understanding the School District Earned Income Tax
The State of Ohio offers two different methods to collect School District Income tax – The Traditional Tax Base and The Earned Income Only Base.


Ohio Form SD100 is used to file this tax and can be found on the State of Ohio
website.

Listed below are the income sources grouped according to taxable and nontaxable income;
however, if you are unsure about your source of income, please contact a tax specialist.
Taxable Income for the Proposed 1% EARNED INCOME TAX Levy
• Wage Income reported on a W-2 (including tips and other employee compensation)
**corresponds to line 7 on your Federal 1040**
• Self Employment Income (Federal Schedule SE)
• Sole Proprietorship or Partnership Income

http://www.buckeye.k12.oh.us/Levyinformation/kelly%20prest.pdf