What is on the ballot for Olentangy?In reality, the .82 advertised mills are a result of a number of factors, including the current over-collection of debt. That's right, the district is collecting more mills than it needs to keep the current bond millage high so that the additional millage on the ballot, and advertised by Olentangy for Kids, appears low.
The March 4, 2008 request will include a combined bond issue and operating levy issue. The bond portion of the issue will appear on the ballot as 1.8 mills but will be collected at .82 additional mills. Olentangy is able to collect at a lower rate due to our rapid growth and debt repayment structure just as we did for the bonds for the 2004 and 2005 ballot issues.
I'm not going to go into the arcane world of school bond taxation save to say that the taxpayers vote on debt, not mills. And, that what appears to be is not always so.
Back check: Does anyone really believe that the district -- or anyone for that matter -- can miraculously have bond mills that remain steady between levies?
Of course not. There are too many volatile factors for the mills to neither increase nor decrease. The millage rate should have reduced over time -- due to a conservative bond structure and assumed valuation growth -- yet it continues remain at 7.9 mills.
The district continues to ask for 7.9 mills from the county auditor so that the advertised mills appear lower. But, you've been paying too much year over year.
Funny how they forget to mention that little fact.