In March, Madison School District residents will be asked to vote on a 4.9 mill renewal levy through the Lake County School Financing District. This levy will not increase taxes and will continue to generate $1 million a year for the Madison School District.

In 2010, Madison Local Schools issued $10.665 million in bonds under the Build America Bonds (BAB) program. One of the appealing aspects of this program was that the federal government would subsidize 35% of the district’s interest payments on the bonds, saving money for taxpayers.