Welcome to our Substitute Renewal Levy Information page, where we provide essential details about this upcoming initiative.
The Substitute Renewal Levy, set to replace expiring 2024 and 2031 Levies, is a unique approach to maintaining funding for our Clyde-Green Springs School District. It combines the renewal of two existing Emergency Levies with the added benefit of capturing new revenue when new homes and business/industry buildings are constructed within the District.
This Substitute Renewal Levy will not increase taxes;
it will cost the same as the two current levies set to expire in 2024 and 2031.
The Substitute Renewal Levy can capture new revenue when new homes and new business/industry buildings are built in the District. As a matter of fact, the only way that a district can qualify to put a substitute levy on the ballot is if they already have a levy in place that they are exchanging - “substituting” - it for.
The Substitute Levy WILL NOT RAISE TAXES. It will cost the same as what you are paying for the two current levies which will expire in 2024 and 2031.
Under the current levy, when new housing or new businesses are built, the collection is divided up among more entities and everyone pays a smaller piece of the pie. The Clyde-Green Springs School District receives the same amount of tax revenue that has been previously approved - there is no growth by the District.
The Substitute Levy addresses this new growth and allows the District to capture additional revenue WITHOUT negatively impacting current home and business owners. Their property tax bills remain the same as they are for the current levies.
$1,804,000 for a 10 year period. (Current the two separate levies are $1,265,000 and $539,000)
The dollars generated from this levy, which amounts to approximately 7% of the District’s operating revenue, will fund day-to-day operational expenses such as utilities, bus fuel, classroom supplies, and quality teachers. This revenue will maintain the current expenses provided to our students, their families, and our community.