STOW, Ohio — Voters in the Stow-Munroe Falls City School District will decide in November whether to renew a five-year operating levy that generates $4.63 million annually for the district’s day-to-day expenses.
The current levy funds current operating expenses. According to the ballot language, the levy would carry an effective tax rate of 3.17 mills, or about $97 annually for every $100,000 of a home’s market value.
The renewal request comes as district leaders continue to warn about long-term financial challenges. Earlier this year, officials said financial forecasts showed the district could face a cash shortfall by 2028 without additional revenue and spending adjustments…