bondissue News

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Little Miami Earnings Tax

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OPERATING LEVY - NOVEMBER 4, 2008

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In May, the Little Miami Board of Education recognized the need and voted unanimously to place an operating levy on the November ballot. On November 4th, Little Miami voters will be given the opportunity to vote on a unique, long-term solution to the problem of funding operational expenses — a 1% earnings tax.

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Why an Earnings Tax vs. Traditional Property Tax?

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What is taxed?

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What is not taxed?

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What if we do not pass the issue?

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Why an Earnings Tax vs. Traditional Property Tax?

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Over the past number of years, the Little Miami School District has listened to its communities very closely. An earnings tax is perhaps the fairest form of funding education and presents many benefits that the traditional property tax does not.

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A 1% earnings tax...

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Will provide income that will actually grow alongside our population rather than staying constant despite that growth!

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Safeguards your family's investment and retirement incomeΣ and is tax deductible!

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Provides an opportunity for the district to stay off the ballot for operating expenses for many years to come!

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Will NOT place burden on our local senior population!

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What is taxed?

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Earned income is income received from wages, salary, net self-employment income, tips and other compensation.

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What is not taxed?

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Social security benefits, pensions and annuities, disability and survivor benefits, welfare benefits, child support, alimony, interest and dividends, IRA distributions, capital gains, profit from rental activities, lottery winnings and worker's compensation benefits are not considered earned income and are not subject to the school district tax.

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What if we do not pass the issue?

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Because of the way an earnings tax is collected, Little Miami voters will have only one chance to Break the Cycle of relying on property taxes to fund education. If the earnings tax issue fails...

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Little Miami will be forced to return to the ballot in February and/or May with a traditional property tax levy of approximately 8-10 mills.

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By the 2009-2010 school year, Little Miami will be faced with making nearly $4 million in budget cuts — the effects on our student population and community would be staggering.

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Possible cuts may include:

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-Hiring freeze
-Wage increase freeze
-Full pay to participate for all extracurricular activities ($600- $800 per student per sport/program)
-Elimination of all athletics and extracurricular activities
-State minimum program offerings at the Junior High — eliminate electives, gifted programming and high school credit options
-State minimum program offerings at the High School -- elimination of AP and elective course offerings
-State minimum program offerings at the Elementary and Intermediate Buildings — no specials including art, music, gym, keyboarding and gifted programming
-Reduce number of buildings in operation by closing older buildings or not opening the new junior high and intermediate schools
-Staff reductions across the district — administrators, teachers, nurses, guidance counselors, custodial, office, secretarial, aides, etc.
-No High School bussing and no bussing within 2 miles of the school

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If you have a question related to the Earnings Tax, please send an email to the address below. Questions will be published and answered on this website.

lmearningstax@gmail.com

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