Thursday, July 17, 2014
YOUNGSTOWN
The Mahoning County commissioners have placed on the Nov. 4 ballot a 1.85-mill, five-year Children Services real-estate tax levy that would generate $7,303,723 annually, which is nearly $2.8 million more than the combined revenue from the two levies it would replace.
The November levy would combine and replace two existing levies: A 1-mill levy, first passed in 1995, which generates $2,993,453 annually, and a 0.85-mill levy, first passed in 1976, which delivers $1,531,639 a year, for a current combined total of $4,525,132 a year.
The combining of the two levies into a replacement based on today’s property values raises more money than the two current levies together because levy revenues are based on property values at their initiation; and today’s property values are higher than when the current levies began.
The child-welfare agency needs the extra $2,778,591 in local money from the combined replacement to compensate for declines in state and federal funding, said Randall Muth, CS director.
Read more about the tax in Friday's Vindicator or on Vindy.com.