TIPP CITY — Voters in Tipp City rejected a 3.98 mill bond issue for the construction of a new elementary school. The bond issue failed 62 percent to 37 percent as of press time.
“We’re obviously disappointed,” Superintendent Gretta Kumpf said. “This is a temporary setback.”
Supporters of the levy cited a 2015 Ohio Facilities Construction Commission (OFFC) assessment of the building that reported issues like asbestos, structural deterioration, insufficient heating, and obsolete electrical systems.
“The need is still real,” Kumpf added. “We’re not going to give up.”
Kumpf said that the board will discuss its plans for moving forward at their next meeting.
“Many taxpayers don’t see the need and I think there are those that simply do not want higher taxes. I understand that,” she said. “Unfortunately, state funding the way is, the largest burden is on the community.”
The bond issue would have generated almost $30 million and cost the owner of a $100,000 home about $139 a year. The interest rate for the 37 year bond would have been 4.4 percent.
The district has been working with Ruetschle Architects to design a new building.
The school board had recently selected a construction company, depending on the the passage of the bond issue.
Reach Cecilia Fox at [email protected] or at (937) 552-2205