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Our Kids. Our Schools. Our Community.

MARCH 17, 2020

The Riverside Local School District is part of the Lake County School Financing District Renewal Levy (ISSUE 2) that will appear on the March 17 Primary Election ballot. Because this is a renewal levy, there will be NO TAX INCREASE for residents.

The Lake County School Financing District consists of the Madison, Painesville City, Perry, and Riverside local school districts. It was created in 1990 for the purpose of levying taxes for the provision of specified educational programs and services by the school districts that are part of the financing district.

More specifically, the funds are used for the necessary personnel, materials, supplies and transportation for instruction in language arts, social studies, mathematics, fine and practical arts, health and physical education, science, and business education.

The ESC of the Western Reserve (formerly known as the Lake County Educational Service Center) is the taxing authority - which collects the tax proceeds and distributes them to each of the four school districts based on an agreed upon formula.

This is a renewal of a long standing 4.9-Mill levy for an additional five-year period.

Renewals were previously approved in 1995, 2000, 2005, 2010, and 2015. 

The current effective rate for residential taxpayers is approximately 2.28 mills and costs a residential taxpayer $69.74 per year per $100,000 of valuation according to the Lake County Auditor’s office.

Renewal of this levy preserves the 10% non-business credit and 2.5% owner occupied credit that were eliminated for new and replacement levies by the State of Ohio in 2013, which reduces the cost to homeowners by 12.5%.

The levy generates more than $2 million per year for Riverside Local Schools.“The levy proceeds are currently used for instructional expenses related to English, Math, Science and Social Studies at the Riverside Campus.

Riverside has relied on this revenue stream for the past 30 years. Loss of this revenue would result in budget cuts in excess of $2 million dollars per year starting in 2021, which would have a detrimental impact to the educational programs offered at Riverside.