WHY NOW?

The approved 1.15 Mills* Monfort Heights bond falls off in 2022, reducing the felt tax burden of this bond to less than 4 Mills to our homeowners.

*Monfort Heights Bond was approved at 1.15 mills which does not include changes in valuation or homestead and rollback tax credits.

HOW MUCH?

The annual cost to the homeowner is $174.30/year for a $100K Market Value Home.

$14.53/month; $0.48/day. (Property taxes are assessed at 35% of the Market Value as determined by the County Auditor’s Office.)

Bond Issue $175,850,000 with a term of 38 years. Estimated annual revenue of $8,704,807.

Election Date is November 8, 2022.

MAXIMIZE STATE FUNDING

Northwest LSD participates in Ohio’s program to provide financial assistance for our buildings. This program, administered by the Ohio Facilities Construction Commission (OFCC), allows districts to earn and accumulate ELPP credits on locally funded construction projects. These credits can then be applied towards a future, co-funded State project.

EARNED $16M ELPP CREDITS

PHASE 1 – 2018
Pleasant Run ES
Struble ES
Taylor ES

EARN $30-40M ELPP CREDITS

PHASE 2
4 New schools
1 Renovation

OFCC PAYS 22% OF PROJECT COST + APPLY ELPP CREDITS

PHASE 3
Address our 2 High Schools

Working With the State on Our Master Facilities Plan

In 2021, the State of Ohio assessed the buildings in our district for two things:

Renovation vs. Replacement: When the renovation cost is 66% or more of the replacement cost, the State recommends new construction. This is how the district determined which schools to renovate and which schools to replace for Phase 2, PK-8.
- New Colerain Elementary
- New Colerain Middle
- New Pleasant Run Middle
- New Houston Early Learning Preschool
- Renovate Monfort Heights Elementary
Educational Viability Standard: This measures the building’s ability to offer a sufficient learning environment. Good “natural” conditions such as lighting, air quality, temperature control, acoustics and links to nature.

In 2019, NWLSD assessed how much it would cost to patch existing buildings in order to keep each building WARM, SAFE AND DRY based on their current condition.

The cost to fix identified issues in each building in order to keep outside elements like wind and rain out of each building. It includes repairs needed for windows, roofs, building envelopes, parking lots, HVAC, plumbing, and electrical systems.
These costs would be the start of an ongoing repair cycle, until additional funds are acquired for future renovation or replacement.

Understanding Our Facilities

Understanding the state's assessment of NWLSD Buildings

Learn more about our facilities and the Master Facilities Plan

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