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Proposed Income Tax and Bond Issue
Northridge Local School District
Licking, Delaware and Knox Counties
A majority affirmative vote is necessary for passage
Shall the Northridge Local School District be authorized to do both the following:
1. Impose an annual income tax of 0.75% on the earned income of individuals residing in the school
district, for 30 years, beginning January 1, 2018, for the purpose of permanent improvements.
2. Issue bonds for the purpose of paying part of the cost of: building a new elementary school
(pre-kindergarten through sixth grade) on the main campus, upgrading the middle school
mechanicals, upgrading safety and security measures at the middle school and high school,
together with equipment, furnishings, technology and all necessary appurtenances thereto, in
the principal amount of $14,688,374, to be repaid annually over a maximum period of 30 years,
and levy a property tax outside the ten-mill limitation estimated by the county auditor to average
over the bond repayment period 2.9 mills for each one dollar of tax valuation, which amounts to
$0.29 for each one hundred dollars of tax valuation, to pay the annual debt charges on the bonds,
and to pay debt charges on any notes issued in anticipation of those bonds.