Wednesday, March 16, 2011

Calculate Your Losses on Ashland City School's Buildilng and Renovation Project

Christ tells us to count the cost of following him.  You should do the same when following the wooing of the humanistic public school system. 

With the OEA Levy Calculator you can see how much more the Ashland City School's new building and renovation project will end up burning you.  My humble abode took over $120, bringing our total property tax to approximately $1000.  A friend of mine said he was going to see an increase of $600.  If you own multiple properties, start thinking about how much you'll need to raise rent on your tenants.  You will no doubt be hammered.

Ching!

Don't think that the costs stop there either.  I already posted an article regarding the financial instability of the state of Ohio and how the building project will most likely end up costing us dearly in the future (see Mo' Money.)  So as you do your calculation don't forget to add greater amounts the state will undoubtedly have to take from you to fund this expense that they cannot presently afford.

Cha-Ching!

And that's not all!  My resource from "Mo' Money" sent another little tid-bit to me today:
Here's the thing - when this building is paid off in 30 years, they will want a levy for the same amount using the rationale, "Well, you've already been paying this for 30 years.  You'll never miss it if we just continue that amount on forever." 
In other words, don't ever think that you'll be getting this little tax hike back.

CHING!

You'll have to remember too that this is the positive side of things.  On the dimmer side is the fact that over 40 million dollars will not be used to strengthen our incredibly weak economy.   This is what I find most mind boggling about the whole project that is being proposed.  The economic conditions of Ohio are dismal. John Michael Spinelli, from The Columbus Government Examiner, reported that Ohio lost 595,200 jobs in the last decade, making Ohio one of the top job losing states in the Union.  This number [says Spinelli] represents a change in private sector jobs of 12.6%, second only to Michigan with 19.6 %.” 

This project proposal could not come at a worse time.  Passing this issue will only tighten the noose that is strangling our state.

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