Springfield school officials explain need for K-4 building levy

NEW SPRINGFIELD

Passage of a bond issue next month will allow Springfield schools to achieve one of its long-term strategic goals of replacing its elementary school, officials say.

The board of education and school administrators addressed about 30 people Wednesday night during a community meeting about a 2.5-mill bond issue that would generate part of the funds for a $12.3 million new kindergarten-through-fourth-grade school.

Fifty-two percent, or $6.4 million, would be borrowed by the local district through the bond issue and the remaining 48 percent, or $5.9 million, would be paid by the state through the Ohio Schools Facilities Commission’s Exceptional Needs Program.

The bond issue would cost $76.26 annually for the owner of a home valued at $100,000.

For more details of the plan, read Thursday's Vindicator or Vindy.com.