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Yes. On November 29th, 2023, at a special meeting of the Fairfield City School District Board of Education, the Board approved a resolution to initiate placing a continuing operating levy on the March 19th, 2024 ballot. The resolution calls for a 6.9-mill continuing operating levy. The Board approved the second required resolution to proceed with placing the levy on the ballot at the December 14th regular meeting.
An operating levy can be used for day-to-day expenses, such as salaries, benefits. utilities, supplies/materials, transportation, and programming.
The unit of value for expressing the rate of property taxes in Ohio is the “mill.” A mill is defined as one-tenth of a percent or one-tenth of a cent (0.1 cents) in cash terms. Millage is the factor applied to the assessed value of property to produce tax revenue.
1 Mill = $1 for every $1,000 of appraised value.
The owner of a home valued at $100,000 will pay approximately $242 a year. It is projected to provide a positive cash balance for the District through June 30th, 2029.
*To calculate the estimated tax, the current market value of a property is multiplied by 35% to arrive at the property's taxable value.
The taxable value is then divided by 1,000 and multiplied by the millage amount.
Formula = $100,000 x (.35/1000) x 6.9
To find the accurate appraised value of your home, look at the county auditor's website: https://www.butlercountyauditor.org/
To sustain operations and avoid a financial deficit.
The new values for the year 2023 are projected to generate a property increase for the Fairfield City School District in the amount of $1.9 million for fiscal year 2024. This amount accounts for a 4% increase in property taxes paid to the Fairfield City School District.
For fiscal year 2025, the District is projecting a $1.5 million or 3% increase in property tax revenue. This increase in property taxes is projected to be offset by a $1,000,000 decrease in state school funding revenue for fiscal year 2025.
Why no windfall in property taxes for Fairfield City School District?
The last operating levy was a 6.5-mill continuing operating levy passed by voters in November 2011. It was projected to last 2-3 years and has lasted 12+ years.
Reduction in staff
Reduce transportation to state minimum:
Pending Board of Education approval, November 5, 2024.
Visit the Butler County Auditor's Office website: https://www.butlercountyauditor.org/
The levy will affect property taxes only.
Property owners would see the new tax rate in 2025.
All property owners in the Fairfield City School District pay FCSD property taxes.
The District would start collecting new revenue in 2025.
Fairfield supporters, THANK YOU for your support. Not the result we wanted on election night, and the changes we will see next year will be a HUGE impact on many families. This issue will not be going away, stay tuned to for updates in months to come. Still #yesforfairfield
*Keep your signs if you have them.