Thank you to the voters of Lordstown for voting to renew the two levies on the ballot this past May 5th. Lordstown schools will continue to provide a high quality education to students and look for ways to be more efficient. The voters of Lordstown and the schools have done their part, it is now time for the State of Ohio to do their part.
Lordstown Local Schools receives nearly a quarter of our budget (23%) form Tangible Personal Property Tax reimbursements. These reimbursements are due to the elimination of the Tangible Personal Property taxes in 2015. The State of Ohio at the time committed to making certain school districts were not hurt in the process. Revenue from the Commercial Activity Tax (CAT Tax) was created and brings in enough revenue to make every district receiving reimbursements whole. Unfortunately, these reimbursements have been cut and there is a movement at the state level to make further cuts with some wanting to eliminate the reimbursements entirely.
The future of the Tangible Personal Property taxes is currently being debated in the Ohio Senate, Finance Subcommittee on Education. We ask that residents of Lordstown as well as all stakeholders in Lordstown Schools take this opportunity to contact State Senators to encourage them not to make any cuts to this vital revenue stream. Below is a form letter to send specifically about Lordstown Local Schools and a file that lists emails of all State Senators. It is important that Senators here directly from us either by email, phone, postcards or letters. We also have a limited number of postcards available at the Lordstown Schools Board Offices if you wish to come by and get them to mail to select Senators.
If you choose to write a letter or email we ask that you copy and paste the letter below to your text editor and fill in the highlighted fields with the Senator(s) you are mailing or emailing. Thank you for your time and continued support of Lordstown Local Schools.
May 10, 2015
Columbus, Ohio 43215
Dear Honorable Senator _________________:
I am writing as a stakeholder in Lordstown Local Schools. Lordstown voters voted to renew two levies this past May 5th to support the future of education in Lordstown. These levies represent 23% of the school’s operating budget. We now need the State of Ohio to do their part by making Tangible Personal Property Tax (TPP) reimbursements permanent!
The current level of TPP reimbursements account for over $1.6 million dollars in revenue (over $3,000 per student), also 23% of the school’s operating budget. Losing this funding would be crippling to the school districts and communities that still replacement revenue for the eliminated local TPP Taxes. These reimbursements must remain fully intact regardless of any funding formula changes that may emerge as part of the biennium budget.
Our communities have engaged in the discussion about a permanent fix for the loss of local TPP tax revenues for more than a decade. In that time, our schools implemented efficiencies to adjust to reduced TPP revenues and continue to deliver outstanding educational results. But the dollars at stake are too great to simply shift that burden to our local residential and commercial taxpayers. Stripping those once local revenues must end and state law must continue to provide a measure of fiscal security for the heavily impacted school districts so the excellent educational opportunities for students in my community can continue.
The CAT is yielding more than $1.6 billion in annual revenue for the state’s General Revenue Fund. That is more than $1 billion more than is needed to continue the TPP reimbursements to schools in perpetuity. With that in mind, please consider the negative economic impact on our local business community if the TPP reimbursements end.
Our district has kept its promise to provide an outstanding education while cutting costs, implementing efficiencies, and recently passing the two renewal levies. We respectfully ask the Ohio Senate to do the same and fulfill the commitment to keep permanent TPP funding in Ohio law. Eliminating the TPP funding will have a dire and immediate impact on our schools. Thank you in advance for your consideration.
Your name and address