NR Schools Issue 13 Saves Taxpayers HB 920 Money

Supt. of Schools Roxann Ramsey-Caserio speaks on the importance of Issue 13 to the schools at the North Ridgeville Schools Senior Lunch.

North Ridgeville School’s Issue 13 is a substitute levy that combines 4 existing operating levies into one and means no new taxes.

By combining the 4 existing levies into one substitute levy, taxpayers will continue to receive state HB 920 rollback protection. The HB 920 reduction factor is designed to keep tax revenues stable when property values increase or decrease.

New levies that started in 2013 and after, however, no longer enjoy HB 920 rollback protection. As part of the state budget passed in 2013, the ten and two and one-half percent rollbacks (HB 920) will no longer apply to new levies that are enacted after the August 2013 election.

Issue 13 (a substitute levy) maintains that protection because levies that continue to qualify for application of the rollbacks are levies approved before 2013, renewals of the qualified levies, and the substitute of qualified school district emergency levies under Revised Code section 5705.199.