NORTHWOOD - The Northwood School District is moving ahead on plans for a new school building.
At a special meeting Tuesday, the school board took the final vote to put a combined bond issue and earned income tax request on the Nov. 5 ballot. The vote was 4-0. Jeff Dunlap was not at the meeting.
The money raised will be used to build a new PK-12 building.
The district will ask voters to support a 0.25-percent earned income tax and a 4.9-mill property tax to sell bonds.
The income tax would collect $225,876 each year for a continuing time, while the property tax would generate $11.7 million over its 37-year term.
The earned income tax will collect from wage earners, not from senior citizens on pensions.
The property tax will cost the owner of a $100,000 home about $150 each year based on current information. But with the elimination of the state's homestead rollback, it should cost that same homeowner about $170 annually, said Superintendent Greg Clark.
The district wants to "spread this to make it as fair as possible" to all taxpayers, he said.
At a special meeting Tuesday, the school board took the final vote to put a combined bond issue and earned income tax request on the Nov. 5 ballot. The vote was 4-0. Jeff Dunlap was not at the meeting.
The money raised will be used to build a new PK-12 building.
The district will ask voters to support a 0.25-percent earned income tax and a 4.9-mill property tax to sell bonds.
The income tax would collect $225,876 each year for a continuing time, while the property tax would generate $11.7 million over its 37-year term.
The earned income tax will collect from wage earners, not from senior citizens on pensions.
The property tax will cost the owner of a $100,000 home about $150 each year based on current information. But with the elimination of the state's homestead rollback, it should cost that same homeowner about $170 annually, said Superintendent Greg Clark.
The district wants to "spread this to make it as fair as possible" to all taxpayers, he said.
