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Board resumes discussion of Preschool Promise levy options; treasurer to return with analysis
Summary
Board members discussed options for renewing a $48 million levy connected to the Cincinnati Preschool Promise partnership and asked treasurer and administration to return with scenario analysis before a May or June decision.
Board members resumed discussion about renewing and structuring the district’s portion of the levy that supports preschool expansion and the Cincinnati Preschool Promise partnership.
Administrators outlined three options under consideration: (1) renew a $48,000,000 fixed-sum levy on a five-year cycle; (2) renew $48,000,000 on a ten-year cycle; or (3) pursue a substitute fixed-sum levy that increases the $48,000,000 base with the value of new construction and property changes (the substitute makes it harder to explain to voters but preserves revenue from added property value).
Why it…
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