Lake County School Financing District Q&A

Madison School District Board of Education

The Madison Local Schools District is part of the Lake County School Financing District renewal levy that will appear on the March 17, 2020 primary election ballot. This is a renewal levy therefore there is no tax increase for residents. 

 

The Lake County School Financing District consists of Madison, Painesville City, Perry and Riverside 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. It also helps to pay for instruction in language arts, social studies, mathematics, fine arts, health, and physical education, science, and business education. The ESC of the Western Reserve (formally 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. The levy generates more than $1 million per year for the Madison Schools. 

 

Madison Schools has relied on this revenue stream for the past 30 years. Loss of this revenue would result in budget cuts in excess of $1 million per year starting in 2021 which would have a detrimental impact on the educational programs offered at the Madison Schools on an already tight budget.

 

Below are some common questions and answers about the levy:

 

Q. What is a county school financing district? 

 

A. A county school financing district is a group of independent local school districts that agree to pool their valuation and request a levy to support specified educational programs across the entire group of districts. 

 

Q. Which districts participate in the Lake County School Finance District? 

 

A. The Lake County School Financing District is made up of Madison Local Schools, Painesville City Local Schools, Perry Local Schools and Riverside Local School District. The ESC of the Western Reserve (formally known as Lake County Educational Service Center) is the taxing authority that collects the tax proceeds and distributes them to each of the four school districts based on an agreed-upon formula. 

 

Q. How do member district use the money from the Lake County School Financing District Levy? 

A. Funds are used for the provision of necessary personnel, materials, supplies and transportation. The revenue raised helps to provide instruction in language arts, social studies, mathematics, fine arts, health and physical education, science, and business education. 

 

Q. Is this levy a renewal? 

 

A. Yes, the Lake County School Financing District Levy was first approved by voters in 1990 and renewed in 1995, 2000, 2005, 2010, and 2015. 

 

Q. As a homeowner will this renewal increase my taxes? 

 

A. No, the levy was first approved at 4.9 miles and is currently collecting at 2.28 mills. 

 

Q. Is this renewal Levy permanent (continuous)? 

 

A. No, the renewal is for a five-year period. 

 

Q. Does the levy have to pass in each member district? 

 

A. No. The renewal must pass in the entire financing district as a whole. 

 

Q. How is the money from the levy distributed? 

 

A. The member districts currently receive the majority of their share based on a proportionate share of each district’s total enrollment. If the levy is renewed, the proceeds will be distributed based on each member district proportionate share of tax valuation. 

 

Q. How does the Lake County School Financing District levy benefit Madison Local Schools? 

 

A. The Madison Local Schools receives more than $1 million each year from the levy which is used for instructional expenses related to English, Math, Science and social studies. 

 

Q. What happens if the levy is not renewed? 

 

A. The district will no longer receive any proceeds from this levy after 2020 and would result in budget cuts in excess of $1 million per year starting in 2021. This would have a detrimental impact on the educational programs offered at the Madison Schools on an already tight budget.

 





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Madison Local Schools | 1956 Red Bird Rd. , Madison, OH 44057
Phone: 440-428-2166 | Fax: 440-428-9379