Board of Education Statement | September 16, 2024
Findlay City Schools: Protecting Excellence
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Voters have not approved new operating money for FCS since 2004.
Cost savings through attrition or cuts alone is no longer sustainable.
Federal ESSER funding from COVID provided short term supplemental funding, but ended September 2024.
Findlay City Schools faces a fiscal deficit without new operating money.
Applies to earned income.
It does not tax:
- retirement income
- Social Security income
- IRA distributions
- pensions
- unemployment compensation
- workers' compensation
- interest and dividends
- capital gains
- royalties
- profit from rental activities
- lottery winnings
- distributive shares of profit from S Corporations
- alimony received
- disability, survivor, or welfare benefits
- child support
- investment income
- distributions from trusts and estates
Unlike property tax collection, with an earned income tax the community and the school district rise and fall together with the economy.
- Why is this an earned income tax instead of a property tax?
- Will this tax my social security benefits?
- The city of Findlay has a 1% income tax. Why does Findlay City Schools need a 1% income tax?
- Property values have gone up - haven't the schools collected more money?
- Will the district continue to collect property tax if the earned income tax passes?
- Why is Findlay City Schools on the ballot?
- What has Findlay City Schools done to control costs?
- What happens if the levy doesn't pass in November?
- How was the turf funded?
- How is Donnell Stadium funded?
- How is the Millstream expansion funded?
Why is this an earned income tax instead of a property tax?
Will this tax my social security benefits?
The city of Findlay has a 1% income tax. Why does Findlay City Schools need a 1% income tax?
Property values have gone up - haven't the schools collected more money?
Will the district continue to collect property tax if the earned income tax passes?
Why is Findlay City Schools on the ballot?
What has Findlay City Schools done to control costs?
What happens if the levy doesn't pass in November?
How was the turf funded?
How is Donnell Stadium funded?
How is the Millstream expansion funded?