Just as homeowners borrow money in the form of a mortgage to finance the purchase of a home, a school district borrows money in the form of bonds to finance construction,  renovation  and other capital projects. Both are repaid over time, but in order for a school district to sell tax supported bonds, it must go to the voters for approval.  

School districts are required by law to ask voters for permission to issue bonds in order to pay for capital expenditures for projects like building a new school or making renovations to existing facilities. Districts take out a loan and then pay that loan back over an extended period of time, much like a family takes out a mortgage loan for their house.

The 1997 Bond levy will be paid off in December of 2025. The Political Action Committee is asking the community to reinvest their resources from the 1997 bond levy. The State of Ohio Facilities Construction Commission will pay for at least 50% of the project. This is possible through the ELPP (Expedited Local Partnership Program). There will be ZERO net increase in property taxes. 

Students would remain in their current building & construction would occur on current property. Students would remain in their current building until the new school is built. Afterwards, the old buildings would be torn down.