Editor’s note: In the May 4 election, registered voters who reside in the Sidney City Schools District will be asked to approve a 0.75% Earned Income Tax levy. In the weeks leading up to the election, the Sidney Daily News will be publishing a question each week — provided by the school district — about the tax levy.
SIDNEY — Will the Sidney City School district be needing additional local funding in the near future?
Passage of the upcoming Earned Income Tax levy, coupled with changes the district has made to reduce expenses, will stabilize district finances for the foreseeable future. This levy will help to fund day-to-day operations of the district’s schools such as staffing, utilities and supplies.
Should this levy pass, the district does not plan to ask for more money in the near future. There is an existing 9.23 mill levy that will need to be renewed in 2028. That levy will only collect the dollar amount it was originally passed for–the millage will likely decrease.
With the cuts and changes the district has made resulting in $5.3 million in annual savings, plus passing this levy, the district’s finances will be stabilized for the foreseeable future.
On Tuesday, May 4, 2021, Sidney City Schools will be asking voters to approve, for 10 years, a 0.75% Earned Income Tax levy to generate $3.3 million a year to support the district’s operations.
More information about the Sidney City Schools levy can be found at www.sidneyschoolslevy.org.
This is part of a series of weekly questions and answers. Please check back each week for more.