Lakewood Schools Levy by the Numbers

Last week, the Lakewood City Schools Board of Education voted to put a 3.9-mill levy on the May 7, 2013 ballot. Here’s a little more information about that proposal:

• What is it? A 3.9-mill operating levy. Operating levies are used to pay for regular expenses, like salaries and classroom materials, in the school district.
• How much would it cost residents? The levy would cost taxpayers an estimated $10 per month per $100,000 of home value, according to a press release from the district. 
• How much money would it bring to the district? Christine Gordillo, a spokeswoman for the district, said that the levy would generate about $3.327 million each year for the Lakewood City Schools if passed. The levy would bring in less money the first year, since it would only be in effect for half the year, she added. Collections would not begin until 2014.

For more:

• Funding Would Increase Slightly for Lakewood Schools Under Governor’s Budget Proposal
• 3.9-Mill Schools Levy Will Be Part of the May Ballot
• 3.9-Mill Levy Takes Another Step Toward the Ballot
• 3.9-Mill Levy May be Headed to the Ballot in May
• Five-Year Financial Forecast is ‘Challenging’ for Lakewood Schools
• Survey Says: Lakewood School Levy Coming