The levy would cost a property owner $172 for each $100,000 in property valuation, said Beavercreek treasurer Joy Kitzmiller. The bond would last 37 years.
If approved, the bond would go toward building a new high school and renovating other buildings. Beavercreek school officials say the current high school is too small for how many students it has, and the district is expected to grow in the next few years.
About $260 million of the $265 million total project is expected to go toward constructing a new high school complex at an 89-acre property on the southeast corner of South Alpha Bellbrook Road and Indian Ripple Road. The site is in Beavercreek Twp., just south of the Russ Research Center property, a half-mile west of The Narrows Reserve.
In a November board meeting, Beavercreek superintendent Paul Otten said asking for the same levy again was the only reasonable option before the next election. Other options would not adequately serve students or would take too much time, he said.
Otten said if the levy fails again, he and Kitzmiller would not recommend trying the same levy again. Instead, the district would seek other options, he said.
Kitzmiller said previously that the district would also need to seek renewal operating levies in 2026 and 2028, which would go to the district’s general expenses, for the district to continue to be financially sustainable. Right now, the district is not in deficit spending, but by fiscal year 2028, the district expects to spend more than it brings in.
As of the May 2024 five-year forecast, the district has 48% of its yearly budget in cash on hand. Beavercreek reported $47.7 million in the bank in May.
Beavercreek is one of several districts who plan to have a school levy on the ballot in May. Oakwood is seeking funds to update their old school buildings and Franklin is seeking funds to cover operating expenses.
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