1 00:02:03,600 --> 00:02:05,940 Aye. Aye. 2 00:02:12,010 --> 00:02:13,410 Aye. 3 00:02:26,930 --> 00:02:28,330 Aye. 4 00:02:38,710 --> 00:02:39,590 And 5 00:02:48,420 --> 00:02:54,080 then Eviana, sorry Gerrano or Grajo. Thank 6 00:02:56,930 --> 00:02:57,170 you. 7 00:02:57,170 --> 00:02:58,710 Hi, my name is Emily. 8 00:02:59,650 --> 00:03:04,150 When you're going to talk about this, think about it's setting that we might not give a 9 00:03:04,150 --> 00:03:06,190 class out due to just group of students. 10 00:03:06,410 --> 00:03:12,410 We asked you to consider because some of us have been waiting since first and second grade. 11 00:03:12,510 --> 00:03:14,370 I want to encourage you to have one. 12 00:03:14,750 --> 00:03:15,270 Thank you for that. 13 00:03:15,410 --> 00:03:16,170 Thank you. 14 00:03:17,250 --> 00:03:17,490 Thank you. 15 00:03:17,830 --> 00:03:18,050 All 16 00:03:25,060 --> 00:03:25,240 right. 17 00:03:25,580 --> 00:03:27,680 And then Sheila Holbergs. 18 00:03:28,200 --> 00:03:29,180 Do you just want me to read it? 19 00:03:29,260 --> 00:03:29,360 Okay. 20 00:03:30,200 --> 00:03:39,760 So my question is regarding exhibit M. Have we explored alternative options for the items listed to be disposed of? 21 00:03:41,380 --> 00:03:41,560 Question? 22 00:03:42,820 --> 00:03:53,460 I'm going to have to know what pick up the question. It says to be disposed of all those items on the way of using them. 23 00:03:53,460 --> 00:04:01,700 So, I guess I'll speak to this, that's not the correct wording, all of those items have already been sold through the public auction. 24 00:04:02,620 --> 00:04:07,500 So, if you read it, it says that it was the sales of their public auction. 25 00:04:08,120 --> 00:04:09,800 So, we've already sold all those items. 26 00:04:10,440 --> 00:04:13,060 I'm just asking the board to approve that those items were sold. 27 00:04:14,440 --> 00:04:16,840 Thank you. 28 00:04:20,290 --> 00:04:23,170 All right, and so that ends the public participation piece. 29 00:04:23,510 --> 00:04:25,730 So, we'll move on to the communications and special reports. 30 00:04:26,430 --> 00:04:28,730 So we'll start with the building project update. 31 00:04:34,220 --> 00:04:37,200 Although you don't know I'm Ryan Baker like to see some new faces. 32 00:04:38,820 --> 00:04:42,860 The building actually you guys are in the building a couple of weeks ago. 33 00:04:43,080 --> 00:04:45,660 We did get our CFO for the Media Center and Library. 34 00:04:46,980 --> 00:04:48,780 They have began moving in. 35 00:04:48,780 --> 00:04:52,980 I don't know much more the status of that, but I think things are progressing well. 36 00:04:53,700 --> 00:04:58,400 Also now we've transitioned into the demolition phase and the pavement phase. 37 00:04:58,400 --> 00:05:05,560 So if you've driven on the west side of the site, you'll see today that the house was dropped on Monday. 38 00:05:06,780 --> 00:05:10,580 All the trees around and associated with the site have been cleared. 39 00:05:11,340 --> 00:05:20,200 Right now we're beginning to cut in a drive from the west heading east to access the school, the existing Harding High School. 40 00:05:20,540 --> 00:05:24,780 So we could start preparing to remove the building as that's coming down. 41 00:05:26,160 --> 00:05:30,020 As far as abatement goes, we're progressing on schedule. 42 00:05:30,780 --> 00:05:37,420 We have about, I'm going to say a few weeks left of the second floor abatement. 43 00:05:37,600 --> 00:05:41,460 And then they're going to fall back and start abating the windows and the cough around those. 44 00:05:41,620 --> 00:05:44,860 That's going to be last because we want to keep that existing building secure. 45 00:05:45,660 --> 00:05:49,380 And then we're slated to drop the building over the two weeks of spring break. 46 00:05:49,860 --> 00:05:53,240 So that's going to be a big accomplishment for all of us in big dates. 47 00:05:53,240 --> 00:05:58,580 something you need to hit. Well, that's pretty much it for the update from our side. 48 00:05:59,380 --> 00:05:59,820 Any questions? 49 00:06:02,650 --> 00:06:05,390 Okay, thank you. Anything else 50 00:06:12,010 --> 00:06:13,750 from Adam? Did you have any updates? 51 00:06:15,370 --> 00:06:24,190 Do the board have any questions for either of them? All right. Move right along then. 52 00:06:24,190 --> 00:06:26,310 So the next would be them, the student of the month. 53 00:06:27,850 --> 00:06:29,330 We have Dr. Norse up here. 54 00:06:33,120 --> 00:06:33,540 Hi, 55 00:06:38,850 --> 00:06:43,210 so normally I don't need a microphone, so I'll do my best to hang out with Hitron 56 00:06:43,210 --> 00:06:43,650 on Friday. 57 00:06:44,950 --> 00:06:47,910 So we have students in a month for December and January. 58 00:06:48,290 --> 00:06:50,230 I apologize, I missed you and you walked in. 59 00:06:50,670 --> 00:06:52,710 Sorry, December, students in a month. 60 00:06:53,130 --> 00:06:56,490 We've begun with our middle school students of the month. 61 00:06:57,130 --> 00:06:59,010 The first is trope for receipt. 62 00:07:06,820 --> 00:07:08,520 This can lead demonstrate the positive attitude 63 00:07:08,520 --> 00:07:10,080 and strong work ethic in class. 64 00:07:10,160 --> 00:07:12,120 She is committed to improving her man's skill 65 00:07:12,120 --> 00:07:13,340 to ask her help when needed. 66 00:07:13,820 --> 00:07:15,320 These are common problems with the athlete, 67 00:07:15,600 --> 00:07:16,100 that, and others. 68 00:07:17,180 --> 00:07:18,340 And you deserve that same wise. 69 00:07:18,540 --> 00:07:19,200 We broke this time. 70 00:07:19,900 --> 00:07:22,180 Respectful and has adjusted very well to middle school. 71 00:07:22,340 --> 00:07:23,900 Making a very great example of effort 72 00:07:23,900 --> 00:07:24,680 and first of every. 73 00:07:25,840 --> 00:07:26,260 And 74 00:07:43,540 --> 00:07:44,980 next, middle school is Sean Wilson. 75 00:07:45,480 --> 00:07:46,500 I did not see him. 76 00:07:46,820 --> 00:07:47,300 Did he sleep in? 77 00:07:50,050 --> 00:07:52,910 So, regardless, our next school are Sean Wilson. 78 00:07:53,570 --> 00:07:57,250 Sean comes to class preparing and consistently sets himself up for success. 79 00:07:57,710 --> 00:08:01,510 He follows class from expectations, including the no-self home policy, 80 00:08:01,730 --> 00:08:03,990 which, of course, all of our students are following. 81 00:08:04,670 --> 00:08:08,170 He leaves up after class and completes projects with all complaints. 82 00:08:08,170 --> 00:08:11,390 Thomas Polite has established his strong rapport with his teachers 83 00:08:11,390 --> 00:08:14,430 and is always willing to help pack and unpack the classroom. 84 00:08:14,930 --> 00:08:16,210 So congratulations to Sean. 85 00:08:16,210 --> 00:08:16,830 The 86 00:08:21,630 --> 00:08:25,170 first flight school student of the month of December is J.J. Braimer. 87 00:08:32,150 --> 00:08:36,590 J.J. done an excellent platform and everything consistently sets himself up for success. 88 00:08:36,590 --> 00:08:40,490 He follows classroom expectations, including in those cell phone policy. 89 00:08:40,810 --> 00:08:44,670 See, they all gain places assignments without complaints. 90 00:08:47,230 --> 00:08:49,670 And thanks responsibility for keeping the classroom plain. 91 00:08:49,810 --> 00:08:53,030 J.J. is polite and that's the only positive relationship for the teachers. 92 00:08:53,370 --> 00:08:55,850 And it's always going to help pack up the classroom. 93 00:08:55,850 --> 00:08:58,110 Thank you. 94 00:08:58,310 --> 00:08:59,850 Thank you. 95 00:09:04,180 --> 00:09:04,340 Thank 96 00:09:08,820 --> 00:09:09,060 you. 97 00:09:09,180 --> 00:09:09,900 Jessica. 98 00:09:13,080 --> 00:09:16,580 And our final December student month is a senior. 99 00:09:16,800 --> 00:09:19,720 Jessica, Jessica, as a hard working senior, 100 00:09:20,300 --> 00:09:22,260 consistently models responsibility and respect. 101 00:09:22,740 --> 00:09:25,420 She comes prepared, follows classroom expectations, 102 00:09:25,660 --> 00:09:27,040 completes projects without complaints, 103 00:09:27,500 --> 00:09:29,120 and helps maintain the classroom environment. 104 00:09:29,700 --> 00:09:32,400 Jessica has established a positive report to teachers 105 00:09:32,400 --> 00:09:37,180 and serves as a dependable and respectful role models for role model for others. 106 00:09:37,860 --> 00:09:38,360 Well, congratulations. 107 00:09:39,080 --> 00:09:39,580 I don't 108 00:09:44,800 --> 00:09:46,200 know. January was pretty crazy. 109 00:09:46,500 --> 00:09:49,020 So I have January students of the month as well. 110 00:09:49,860 --> 00:09:52,800 So our first January student month is middle school or Simone Miller. 111 00:09:53,320 --> 00:09:53,600 I 112 00:09:59,780 --> 00:10:02,980 demonstrated excellent effort and strong academic achievement throughout the year. 113 00:10:03,160 --> 00:10:07,060 She consistently does the right thing in class and strives for excellence in her work. 114 00:10:07,600 --> 00:10:11,000 Simone is a bright, high-achieving student who has adjusted very well to middle school 115 00:10:11,000 --> 00:10:14,400 as that's a positive example for example for the students. 116 00:10:32,170 --> 00:10:33,070 I do not see true. 117 00:10:33,230 --> 00:10:33,770 Is it true to the students? 118 00:10:35,350 --> 00:10:36,170 So that's the, 119 00:10:36,250 --> 00:10:37,170 our second middle school, 120 00:10:37,750 --> 00:10:39,850 January student in London is true at Ederson. 121 00:10:40,350 --> 00:10:42,650 True is shows great effort and a positive attitude 122 00:10:42,650 --> 00:10:43,710 in all content areas. 123 00:10:43,970 --> 00:10:44,690 He has adjusted wealth, 124 00:10:44,870 --> 00:10:45,250 middle school, 125 00:10:45,710 --> 00:10:48,150 and has earned straight days reflecting a strong work 126 00:10:48,150 --> 00:10:49,350 at the commitment to learning. 127 00:10:49,850 --> 00:10:52,510 True is dedication and consistent length, consistency, 128 00:10:53,250 --> 00:10:54,510 makes him an outstanding student. 129 00:10:55,050 --> 00:10:56,070 Congratulations to two students. 130 00:10:56,070 --> 00:10:56,610 The 131 00:11:00,520 --> 00:11:03,100 first time in school through the month of January is Paul Flair. 132 00:11:09,540 --> 00:11:13,520 Paul is an incredibly respectful and class and demonstrates persistence and hard work. 133 00:11:13,920 --> 00:11:16,420 He has a kind student who gets along well with this year's. 134 00:11:16,720 --> 00:11:22,320 Paul takes three pride in his work and often returns to his work to ensure that it meets his expectations for excellence. 135 00:11:23,000 --> 00:11:23,880 Paul is also a student. 136 00:11:23,960 --> 00:11:27,360 Matthew is able to balance his academics with his participation in sports. 137 00:11:27,920 --> 00:11:28,260 Here I go. 138 00:11:43,880 --> 00:11:46,340 Finally, our January senior of the month. 139 00:11:46,760 --> 00:11:47,480 Isaac Morgan out. 140 00:11:47,480 --> 00:11:48,400 I 141 00:11:54,870 --> 00:12:06,870 think consistently demonstrates responsibility and dedication while balancing athletics, the job, and his academic commitments. He's always present, maintains limited absences, and serves as a role model in every aspect of school life. 142 00:12:07,370 --> 00:12:10,670 I think strong work ethic and reliability make him a standout senior. 143 00:12:11,830 --> 00:12:11,830 All 144 00:12:29,300 --> 00:12:30,740 right. Thank you all. 145 00:12:32,260 --> 00:12:36,780 Next up is going to be Mr. Billings and. 146 00:12:41,400 --> 00:12:43,200 Yeah, sorry. I'm looking at the agenda. 147 00:12:43,300 --> 00:12:45,920 No, you're going. There's a lot of there's a lot of different things. 148 00:12:46,240 --> 00:12:49,180 So at this time, I'd like to call up Sherry Maroussha. 149 00:12:58,350 --> 00:13:01,110 This is for you. Don't cry. 150 00:13:01,530 --> 00:13:03,770 This is this is this is a special award. 151 00:13:03,870 --> 00:13:06,490 You need to open that up now and then we'll make you cry. 152 00:13:08,750 --> 00:13:10,010 And then we'll take your very sorry. 153 00:13:11,930 --> 00:13:14,130 I'll take, you know, hold that. 154 00:13:22,810 --> 00:13:24,130 Better read what it says. 155 00:13:24,310 --> 00:13:24,410 Yep. 156 00:13:24,930 --> 00:13:25,890 Board of Excellence. 157 00:13:33,830 --> 00:13:34,070 Okay. 158 00:13:38,050 --> 00:13:39,790 Appreciate for your service. 159 00:13:41,510 --> 00:13:42,710 And then it's a sharing. 160 00:13:42,910 --> 00:13:44,530 Or your leadership. 161 00:13:44,770 --> 00:13:46,630 The commitment has made a lasting impact. 162 00:13:47,470 --> 00:13:48,730 That's what Harvard Board of Education. 163 00:13:49,290 --> 00:13:49,770 Six years. 164 00:14:02,070 --> 00:14:02,950 Oh, Karen. 165 00:14:05,690 --> 00:14:08,010 Thank you. You're welcome. 166 00:14:11,080 --> 00:14:17,080 And then did I see Gary Dodd's naked? No. So we have a 167 00:14:17,080 --> 00:14:21,060 certificate for Gary Dodd for a special recognition for your dedication at Fairport Harbor Schools 168 00:14:22,020 --> 00:14:26,860 for live streaming the last gym event. It was super helpful for those of us who couldn't get 169 00:14:26,860 --> 00:14:29,160 tickets. So, the bank is very. 170 00:14:33,790 --> 00:14:36,790 I mean, I'm not next. And now, you know, we're to your point. 171 00:14:37,270 --> 00:14:39,230 Try the technology here and see certainly. 172 00:14:48,740 --> 00:14:50,840 I go to sleep. It didn't. Yeah. 173 00:14:56,350 --> 00:14:58,890 And we're going to give her a microphone. 174 00:15:00,910 --> 00:15:06,250 How did you were in Adelaide? I talked about, I didn't hold through. 175 00:15:09,030 --> 00:15:17,930 Okay, yeah, I got asleep though. I'm not going to wait. Yeah. Yeah, that's it. 176 00:15:27,520 --> 00:15:38,740 Let me. There you go. Yeah. All right. So we've got a little bit about having a quick talk. It's all fun to one-on-one education. 177 00:15:38,740 --> 00:15:43,040 and kind of talking about the various forms of funding 178 00:15:43,040 --> 00:15:46,580 that will get kind of sort of a little bit of depth 179 00:15:46,580 --> 00:15:51,980 about how support funded, obviously we've all heard 180 00:15:51,980 --> 00:15:54,300 about how many taxes it's talking a little bit about that, 181 00:15:54,380 --> 00:15:55,460 and it was a pretty good one there. 182 00:15:56,040 --> 00:15:59,480 And I've actually tied a lot of this to Fairport 183 00:15:59,480 --> 00:16:01,980 and how it actually affects Fairport, 184 00:16:02,180 --> 00:16:05,940 what we receive in as well as the fees we are asking 185 00:16:05,940 --> 00:16:10,980 the boards have proved our financial forecast, which is due by the end of this month. 186 00:16:11,720 --> 00:16:18,220 So I've also embedded that in this presentation and kind of go through the various sections of 187 00:16:18,220 --> 00:16:23,300 the five-year forecast. And if there is a copy of it up here on a table, you get grabbed 188 00:16:23,300 --> 00:16:29,120 the top of it, but I try to keep this kind of break it down in the several different seconds. 189 00:16:29,480 --> 00:16:35,400 So, again, let me know if you're not seeing what I'm seeing over here. So, again, 190 00:16:35,400 --> 00:16:39,340 And we're going to talk about full funding in Ohio. 191 00:16:41,320 --> 00:16:42,180 Do you want anything? 192 00:16:42,440 --> 00:16:43,220 I can't see it here. 193 00:16:43,240 --> 00:16:43,660 Yeah, you're good. 194 00:16:43,780 --> 00:16:43,860 Yep. 195 00:16:46,380 --> 00:16:48,180 It looks like it's still rolling on slide. 196 00:16:55,300 --> 00:16:56,660 The curator says, I hope you do. 197 00:16:56,800 --> 00:16:59,140 I will highly follow the full funding mechanism, including 198 00:16:59,140 --> 00:17:01,480 Levy's calculation and legislative impacts. 199 00:17:01,940 --> 00:17:02,040 Yep. 200 00:17:02,200 --> 00:17:02,520 Do you see that? 201 00:17:02,960 --> 00:17:03,880 I think 202 00:17:09,000 --> 00:17:10,680 it looks like it's moving like it's going to be. 203 00:17:10,780 --> 00:17:10,880 Yeah, it's moving. 204 00:17:11,180 --> 00:17:11,400 Yeah, it's moving. 205 00:17:14,260 --> 00:17:15,940 Like we talked about, this presentation 206 00:17:15,940 --> 00:17:18,120 delivers an overview of public school funding 207 00:17:18,120 --> 00:17:20,260 and Ohio highlighting fruitful elements 208 00:17:20,260 --> 00:17:22,620 that impact the Paraport Harvard School District, 209 00:17:22,980 --> 00:17:24,180 and it's still stakeholder. 210 00:17:24,700 --> 00:17:25,900 In the directs, it's very tight 211 00:17:25,900 --> 00:17:28,340 some funding mechanisms, legislative 212 00:17:28,340 --> 00:17:32,160 measures, and implications to the local education. 213 00:17:35,020 --> 00:17:37,040 First thing I talk about is inside knowledge. 214 00:17:37,660 --> 00:17:42,220 Inside knowledge is a law, and it's a Ohio revised code, 215 00:17:42,620 --> 00:17:45,320 which we often hear a sound about ORC. 216 00:17:45,960 --> 00:17:47,500 That's what ORC is stands for. 217 00:17:47,500 --> 00:17:49,540 for Ohio by toll, which makes its law, 218 00:17:49,980 --> 00:17:52,940 like 670502's, inside Millie, 219 00:17:53,020 --> 00:17:55,700 the birth to the unboughted portion of poverty taxes 220 00:17:55,700 --> 00:18:00,720 up to 10 mils, 1% levy by local governments in Ohio, 221 00:18:00,720 --> 00:18:03,440 without a direct voter vote. 222 00:18:04,180 --> 00:18:06,800 It is used for general operating expenses, 223 00:18:07,020 --> 00:18:10,720 like school for schools, townships, and first responders. 224 00:18:11,620 --> 00:18:16,300 Bearport school has 5.24 mils of inside Millie, 225 00:18:16,300 --> 00:18:20,400 which generates approximately $45,000 in dollars. 226 00:18:23,910 --> 00:18:25,950 Next, we're gonna talk about outside knowledge. 227 00:18:26,730 --> 00:18:32,110 Now, obviously, you're familiar with operating ledges 228 00:18:32,110 --> 00:18:34,450 that have been put in front of you, 229 00:18:34,730 --> 00:18:36,430 that there are several types. 230 00:18:36,690 --> 00:18:39,210 There's operating ledges, there are bond ledges, 231 00:18:39,470 --> 00:18:40,750 there are permanent improvement ledges, 232 00:18:41,050 --> 00:18:42,250 how can I make this ledges? 233 00:18:42,970 --> 00:18:44,750 We're just gonna kind of go through some of them 234 00:18:44,750 --> 00:18:46,110 and what they can be useful. 235 00:18:47,490 --> 00:18:50,130 Now, an operating library is your generalizing. 236 00:18:50,470 --> 00:18:52,470 It basically can be used for everything. 237 00:18:52,690 --> 00:18:54,850 Maybe they're expensive, such as speech and salary, 238 00:18:55,230 --> 00:18:56,550 utility, plastic supplies. 239 00:18:57,930 --> 00:19:01,810 These libraries are essential for maintaining the basic function of a school district. 240 00:19:02,850 --> 00:19:09,450 Therefore, it has seven operating labs that generate $2.9,000,000,000 annually. 241 00:19:10,510 --> 00:19:14,850 Those two, you'll see two different line items that found the forecast. 242 00:19:14,850 --> 00:19:20,830 it's line 1, 010 and line 1, 020 of the forecast. 243 00:19:21,350 --> 00:19:22,870 Those are your targets tax. 244 00:19:26,840 --> 00:19:27,580 Bond levies. 245 00:19:27,900 --> 00:19:30,320 Bond levies can just be used for bond. 246 00:19:30,540 --> 00:19:31,760 It cannot be used for salaries. 247 00:19:31,980 --> 00:19:33,620 It cannot be used for anything else. 248 00:19:34,420 --> 00:19:36,580 So, if Bond levies are to race on a specific 249 00:19:36,580 --> 00:19:42,400 tabloid or build it in schools or renovating existing facilities. 250 00:19:43,240 --> 00:19:46,020 This type of levies is crucial for long-term investment 251 00:19:46,020 --> 00:19:49,340 educational infrastructure. Therefore, it has one bond 252 00:19:49,340 --> 00:19:52,400 ledby that generates approximately $280,000 a year. 253 00:19:52,960 --> 00:19:55,420 This ledby was approved to build a new school building 254 00:19:55,420 --> 00:19:57,200 and library that you're in right now. 255 00:20:02,460 --> 00:20:05,120 Firm and Firm is last capital and maintenance ledby. 256 00:20:05,620 --> 00:20:08,300 Again, these are specific youths, 257 00:20:08,500 --> 00:20:11,760 ledbies. We cannot use them for anything other than what 258 00:20:12,480 --> 00:20:16,040 they were approved for. Firm and Firm and capital and maintenance ledby 259 00:20:16,040 --> 00:20:19,140 they're divine, they're ongoing maintenance and improvement of school facilities. 260 00:20:19,660 --> 00:20:24,800 They even include upgrades to technology, safety and management, and energy additions to 261 00:20:24,800 --> 00:20:24,960 them. 262 00:20:26,780 --> 00:20:32,420 Therefore, it has one capital maintenance levy that generates a $80,000 ban on it. 263 00:20:32,620 --> 00:20:37,080 This levy was approved at the same time the bond levy won, but was in the same much balanced 264 00:20:37,080 --> 00:20:37,560 language. 265 00:20:39,100 --> 00:20:45,780 A 1.5 mil, 0.5 mil maintenance levy is a required of the OACC. 266 00:20:47,180 --> 00:20:50,500 Without it, the state would not have approved the commencement of our project. 267 00:20:51,960 --> 00:20:53,700 Hence, we did it at the same time. 268 00:20:53,760 --> 00:20:54,700 We put the levy on. 269 00:20:55,300 --> 00:20:57,900 We built it into the ballot language. 270 00:20:58,160 --> 00:21:06,480 So we were not going out immediately after we approved the bond to approve a 0.5 mil maintenance levy. 271 00:21:06,480 --> 00:21:08,840 It's all embedded into one ballot, right? 272 00:21:10,080 --> 00:21:12,180 These funds will be used for future repair 273 00:21:12,180 --> 00:21:13,800 and maintenance needs of the students. 274 00:21:17,950 --> 00:21:19,790 We're going to talk a little bit about an understanding of it. 275 00:21:19,910 --> 00:21:20,650 We can't let that work. 276 00:21:20,790 --> 00:21:23,710 So village represents a path-dation rate of life 277 00:21:23,710 --> 00:21:24,810 to property value. 278 00:21:26,550 --> 00:21:28,610 Confirming the amount of property tax owed 279 00:21:28,610 --> 00:21:31,630 for $1,000 of assessment value. 280 00:21:32,290 --> 00:21:36,450 This is the foundation of calculating property taxes 281 00:21:36,450 --> 00:21:40,930 and that fund is full and full of services including education. 282 00:21:43,670 --> 00:21:51,130 If Ohio, U.K. tax is not 35% of your assessed value of your market value. 283 00:21:51,470 --> 00:21:51,830 Excuse me. 284 00:21:52,030 --> 00:21:53,930 Okay, 35% of your market value. 285 00:21:54,350 --> 00:21:56,630 And it's referred to as the assessed value. 286 00:22:01,940 --> 00:22:03,560 How do we calculate it? 287 00:22:04,040 --> 00:22:10,100 So let's kind of break that down so you can see how we calculate $100,000 plus. 288 00:22:10,100 --> 00:22:17,680 So if your house has a market value of $100,000 in home, your paying taxes of $35,000 in 289 00:22:17,680 --> 00:22:26,420 that, $100,000 in times of $35,000, your paying taxes of $35,000 of that, that's your 290 00:22:26,420 --> 00:22:26,760 taxes. 291 00:22:27,360 --> 00:22:30,020 On that, your assets value of $100,000 in that. 292 00:22:30,740 --> 00:22:39,800 Now, if you're really free, for one mill, for example, a one mill is used, it puts to $1 293 00:22:39,800 --> 00:22:46,060 dollars for every $1,000 of assessed value. So what that looks like as a 294 00:22:46,060 --> 00:22:53,560 math equation is how your property taxes are assessed by you, every $5,000 by the 295 00:22:53,560 --> 00:23:02,660 military, 1 mil, which is $1,001, or both results in a total tax of $35 for 296 00:23:05,540 --> 00:23:06,220 a 1 mil 297 00:23:06,220 --> 00:23:07,620 of assessed that. 298 00:23:12,970 --> 00:23:16,970 Here is another thing that was enacted in 1976, 299 00:23:17,290 --> 00:23:22,030 called House Bill 920, because they have heard it before. It was 300 00:23:22,030 --> 00:23:25,610 implemented and it was aimed to protect homeowners by having 301 00:23:25,610 --> 00:23:29,690 property tax increases, aligning them with inflation rates, because you know 302 00:23:29,690 --> 00:23:36,090 every three years, you have like a clientele update and then I'm six years, you 303 00:23:36,090 --> 00:23:38,290 have a full re-biased weight on your top. 304 00:23:39,950 --> 00:23:44,430 And it was to keep the tax affordability 305 00:23:44,430 --> 00:23:47,650 and financial stability to the property owners of Ohio. 306 00:23:48,850 --> 00:23:50,850 So how it works, how 9.20 works. 307 00:23:51,610 --> 00:23:56,710 Well, what happens is 9.20 insured that our property values 308 00:23:56,710 --> 00:23:58,710 rise, which we've all seen happen. 309 00:23:59,270 --> 00:24:01,550 All of us have seen that in the last several years 310 00:24:01,550 --> 00:24:03,350 our property value has been rising. 311 00:24:03,350 --> 00:24:12,370 And what it does is it adjusts the actual rate so that the school is not collecting any additional funds. 312 00:24:12,830 --> 00:24:17,790 So it basically adjusts the downward event, the tax increase to homeowner. 313 00:24:18,390 --> 00:24:25,670 The second and the third to the line tax growth was inflation and health housing affordable or cheap housing affordable. 314 00:24:26,490 --> 00:24:30,870 Due to House Bill 20, I think you heard me say this before. 315 00:24:30,870 --> 00:24:40,610 Fairport has 83.26 of voted millage and due to house bill 920 and being reduced every time 316 00:24:40,610 --> 00:24:46,710 houses are property values went up. We are all collecting up 30.6 mills of that. 317 00:24:48,750 --> 00:24:49,610 This is 318 00:24:49,610 --> 00:24:53,390 a no here referred to as the effective rate. 319 00:24:57,400 --> 00:25:01,820 And it's just as close to house bill 920 is the 320 00:25:01,820 --> 00:25:03,260 the same wide impact liability 321 00:25:03,900 --> 00:25:05,500 so that you aren't getting any future. 322 00:25:09,180 --> 00:25:12,240 But it also, I guess I'll just throw this in there as well. 323 00:25:12,440 --> 00:25:16,320 One house bill 920 has done over the years, 324 00:25:16,780 --> 00:25:19,420 as it was very well intended, 325 00:25:19,880 --> 00:25:21,880 but this is why you see school districts 326 00:25:21,880 --> 00:25:24,640 still in back on the ballot every five years, right? 327 00:25:24,900 --> 00:25:26,040 Every three to five years. 328 00:25:26,260 --> 00:25:27,960 Because every time cross we're going to sell up, 329 00:25:28,760 --> 00:25:29,760 village goes down, 330 00:25:31,420 --> 00:25:36,860 So that's why you see visits only back on the mouth. 331 00:25:40,660 --> 00:25:44,920 Okay, now we're going to talk a little bit about the homestead and the old back credit is in Ohio. 332 00:25:45,380 --> 00:25:50,560 That's actually the exemptions that are showing our final five over the fourth half. 333 00:25:51,360 --> 00:25:53,760 The first one is homestead exemptions. 334 00:25:54,340 --> 00:25:59,080 The homestead has allowed eligible homeowners, typically over 65, 335 00:25:59,080 --> 00:26:04,740 first, you know, permanently disabled or disabled veterans, reduce their property burdened by 336 00:26:04,740 --> 00:26:11,240 sheltering, shielding a portion of their home market value of the taxation. This program 337 00:26:11,240 --> 00:26:16,860 is designed to provide by an answer released in most vulnerable populations, helping them 338 00:26:16,860 --> 00:26:24,660 maintain home ownership. For Taxiers 2026, the standards that the convention shields the 339 00:26:24,660 --> 00:26:27,160 the first 25,000 other home owners might survive. 340 00:26:27,360 --> 00:26:29,600 So let's go back to the $100,000 home 341 00:26:30,150 --> 00:26:33,620 that has a $35,000 assessment value 342 00:26:33,620 --> 00:26:37,820 under homestead, another $29,000 is taken from that. 343 00:26:38,060 --> 00:26:39,260 And you're all attached on a different. 344 00:26:39,800 --> 00:26:40,240 But why not? 345 00:26:40,380 --> 00:26:41,960 Well, it happens here in October, 346 00:26:41,960 --> 00:26:45,100 which you probably heard a lot about October 20, 25. 347 00:26:45,660 --> 00:26:49,080 This was part of one of our property reform 348 00:26:49,700 --> 00:26:52,700 and then the budget bill that just went through 349 00:26:52,700 --> 00:26:58,080 The late-time commissioners voted to double that standard homestead exemptions, 350 00:26:58,240 --> 00:27:03,800 eventually, shielding $58,000 of the purchase of the property value. 351 00:27:04,820 --> 00:27:09,740 The difference with this, so the decision without any discussion with the local government 352 00:27:09,740 --> 00:27:13,500 I know I did was happening until it was already gone. 353 00:27:13,800 --> 00:27:18,340 It resulted in about $6 million in tax revenue loss to act late-time schools. 354 00:27:19,380 --> 00:27:21,840 Fairport portion of that is about $19,000. 355 00:27:26,400 --> 00:27:31,180 Now, rollback is another credit that was provided by the state years ago. 356 00:27:32,240 --> 00:27:35,200 And basically you would get a 10% rollback, 357 00:27:36,860 --> 00:27:40,540 as long as your property was not being used for any kind of business purpose. 358 00:27:40,980 --> 00:27:43,720 And then you got an additional of two and a half percent rollback 359 00:27:43,720 --> 00:27:46,040 if the house was your primary resident. 360 00:27:46,040 --> 00:27:58,010 So this was in place until November of 2013, in which they decided at that point they were no longer giving those credits. 361 00:27:59,650 --> 00:28:03,630 So what it really did was ship that back onto the tax rate. 362 00:28:04,010 --> 00:28:08,430 And the original, they were refunding us those tax credits. 363 00:28:08,430 --> 00:28:14,730 states, states, laws, or they know more, shifted that back onto the actual fact-favorite 364 00:28:14,730 --> 00:28:15,290 rate of that. 365 00:28:17,310 --> 00:28:21,390 And that's what they call the piggyback, or what they did in October. 366 00:28:22,630 --> 00:28:22,970 We are not. 367 00:28:23,210 --> 00:28:24,930 Those actually hit our bottom line. 368 00:28:25,310 --> 00:28:26,070 They are not the state. 369 00:28:26,710 --> 00:28:33,910 They gave that authority to the commissioners to do that, however, they are not refunding 370 00:28:33,910 --> 00:28:34,030 that. 371 00:28:34,130 --> 00:28:35,070 So that was a straight line. 372 00:28:35,070 --> 00:28:36,090 Sure, 373 00:28:41,920 --> 00:28:42,740 you've all heard this. 374 00:28:42,940 --> 00:28:50,980 The last school funding system has been declared unconstitutional by the Ohio Supreme Court for four of that over the years. 375 00:28:51,180 --> 00:28:55,740 That's throughout the birth of states, 97-2002.