Funding
How Will Lakota Fund the Plan?
Lakota's Master Facilities Plan (MFP) will be funded through a bond issue, permanent improvement (PI) levy and co-funding partnership with the State.
The last time Lakota was on the ballot was in 2013. This levy was supposed to last for five years. It is forecasted to last for at least 15 years.
The last time Lakota was on the ballot for a bond issue was in 2005. This bond, and the one in 2000, are both 37-year bonds that will be paid off in 23 and 28 years.
State Co-Funding
The Board of Education has enrolled in Ohio's Expedited Local Partnership Program (ELPP), and the District will receive 32% state reimbursement for work slated for phase three of the MFP. That means for every dollar spent, the State will reimburse Lakota 32 cents, equally about $200 million.
Fast Facts
- Approval of the Nov. 2025 bond issue and permanent improvement (PI) levy will avoid a higher operating and permanent improvement levy that is forecasted for 2028.
- Collections of the bond and PI will not begin until 2029.
- The NET IMPACT to taxpayers will be LESS than what the ballot shows.
| What the Ballot will Show | ||
|---|---|---|
| Bond Issue | 4.99 mills | |
| Permanent Improvement Levy | 0.95 mills | |
| Total | 5.94 mills | $208/$100,000 auditor appraised property value per year |
| Collection Start: | Not shown on ballot | Ballot and auditor's website calculator based on 2026 collection. However, collection will not start until calendar year 2029. |
| State Co-Funding | Not shown on ballot | |
| Acutal net impact to taxpayers | |||
|---|---|---|---|
| Bond Issue | 3.99 mills | 3 independent financial firms have confirmed no more than 3.99 mills will need to be collected for the bond issue because of the OFCC co-funding. | |
| Permanent Improvement Levy | 0.95 mills | ||
| Bonds Rolling Off | -2.28 mills | Collection on 2.28 mills ends in 2028 from bonds approved in 2000 and 2005. | |
| NET Increase to Taxpayers | 2.66 mills | $93.10*/$100,000 auditor appraised property value per year *Over 65 or disabled: $68.71/$100,000 auditor appraised property value if total income is less than $30,000 per year. |
|
| Collection Start: | Calendar year 2029 | ||
| State Co-Funding | 32%, or about $200 million | ||
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