Greenon Local School District Income Tax Question (November 2012)

(1) Impose an annual income tax of three-fourths of one percent (0.75%) on the earned income of individuals residing in the school district, for a continuing period of time, beginning January 1, 2013, for the purpose of general permanent improvements and current expenses?

(2) Issue bonds for the purpose of paying the local share of school construction under the State of Ohio Classroom Facilities Assistance Program, together with, as applicable, new construction, improvements, renovations and other additions to school facilities, as well as equipment, furnishings, site improvements, and all necessary appurtenances therefor, and capitalized interest, in the principal amount of Thirty-Two Million Dollars ($32,000,000), to be repaid annually over a maximum period of thirty-eight (38) years, and levy a property tax outside the ten-mill limitation, estimated by the county auditor to average over the bond repayment period six (6.00) mills for each one dollar of tax valuation, which amounts to sixty cents ($0.60) for each one hundred dollars of tax valuation, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?

FOR THE INCOME TAX AND BOND ISSUE

AGAINST THE INCOME TAX AND BOND ISSUE^[1][2]

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