Area voters overwhelmingly passed a tax levy in November to build a new high school. Now the Bowling Green City School District will be asking them for an increase in operating funds this November.
According to a report by BG Independent Media, the district has not asked for additional operating funds for 14 years, but the A the Bowling Green Board of Education passed a resolution on Tuesday to put an income tax increase on November’s ballot.
Incoming district treasurer Matt Feasel told BG Independent Media that the district has been operating with an income tax of 0.5% – one of the lowest in the state.
Taxpayers received some good news in March when the bond sale to build the new high school netted lower rates. Superintendent Ted Haselman told WTOL that the expected rate for the levy was 5.25 percent. However, the district sold the bonds early this year at an interest rate closer to 4 percent. Haselman said that will result in a savings of $18 million over the course of the levy’s 30 years.