The Perrysburg Board of Education will meet tonight to finalize plans to place a 1.9-mill permanent improvement levy on the November ballot and to decide whether the measure will be limited to five years or run continuously. Officials must reach a decision by Thursday to get on the ballot.
The Wood County auditor estimates a 1.9-mill levy will generate about $1.3 million annually. A continuing levy would lock in funds, while a five-year levy would offer a chance to renew the levy at a higher rate.
Regardless of the final format chosen, the 1.9-mill levy will likely not meet the board s own projected requirements.
The board believes it needs to make $10.8 million of repairs to maintain school buildings and equipment over the next five years. Funded by a 1.9-mill continuing levy, it would take eight years to finish the list. A five-year levy at the same rate will pay for only two thirds of the repairs.
The board met last week to discuss crowding in Perrysburg s elementary schools and in the junior high. Another meeting on the issue is set for Sept. 6.