Stow-Munroe Falls Schools 'limping al...

Stow-Munroe Falls Schools 'limping along' with $50 MILLION+ annual budget?

Posted in the Stow Forum

Since: Apr 11

Location hidden

#1 Apr 12, 2011
As many Stow residents read recently in the Stow Sentry, the school district claims they're 'limping along' and need more money for their $50,000,000+ budget. We just passed the renewal levy in 2010, but now they're once again asking for more from not everyone, just property owners. During a time when many are struggling to stay in their homes, others in foreclosure, buyers looking for towns with LOW property taxes, this is a bad time to ask for more money so the staff can get raises. 84% of the $50,000,000+ annual budget goes to staff, so this isn't about much other than the true expenditures - salaries, benefits and pensions. Over 130 of the staff make between $70,000 to over $100,000 plus benefits and pensions. Average days worked: 185. Average pension liability: 1,275,000. They froze raises for a year, but quietly continued their normal step raises. They need to cut staff and/or salaries and bring the classroom sizes up from 18 students per class to really get control of their budget without further burdening the already stressed property owners

To see the actual salaries of Stow teachers and administrators go to http://www.buckeyeinstitute.org/teacher-salar...
In the drop down menus simply select:
District Name: Stow-Munroe Falls City
Year: 2010
Order: Salary High to Low

Average value of homes in Stow is around $192,000.
For the owner of a $200,000 home, the 10-year additional tax levy would cost:
$4024.20 ten-year tax duration
$402.42 annually
$201.21 for half a year
$33.53 a month
$1.10 a day

For the owner of a $300,000 home, the 10-year additional tax levy would cost:
$6036.30 ten-year tax duration
$603.63 annually
$301.81 for half a year
$50.30 a month
$1.65 a day

For the owner of a $400,000 home, the 10-year additional tax levy would cost:
$8048.40 ten-year tax duration
$804.84 annually
$402.42 for half a year
$67.07 a month
$2.20 a day

Of course, we cannot assume that the property owner has received enough increase in their income to cover the proposed tax increase on their property. Those who are on fixed income are forced to consider selling their home if their income cannot compensate for the property tax increases they incur. This is why some states have been helping those property owners who's income hasn't increased, yet they're hit with a property tax increase. That's something Ohio may need to consider in the future. The proposed 6.57 mill property tax levy is a 16.5% increase in the total (voted) millage for the district.

Since: Apr 11

Location hidden

#2 Apr 12, 2011
If this new Stow-Munroe Falls property tax levy coming in August fails, I suggest that those who truly support the levy donate directly to the school budget an extra 16.5% per year for the next 10 years (the amount you would have paid in increased taxes). The school staff, which make up 84% of the annual budget, will be greatly appreciative of your donation. I'm not being sarcastic in any way. These are the facts and if a property owner feels they can pay more in taxes and want to support the new tax levy, then they should be willing to donate that amount if the levy fails. And, for those who aren't property owners yet they vote on property tax issues, they should donate part of their income to the schools if they support the levy and it fails. There's nothing stopping anyone from giving money to the school district's annual budget if they are able to do so and believe that the current $50,000,000 isn't enough.

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