BATH TWP.: Voters in Bath will decide the fate of Issue 15, a five-year, 0.75-mill renewal levy for parks when they go to the ballot May 6.
The current levy, which funds the personnel, operation, equipment and maintenance of the township’s four parks, is due to expire at the end of this year. If approved, Issue 15 would take effect starting in 2015.
According to figures provided by the Summit County Fiscal Officer, the estimated property tax revenue to be collected by the renewal would be $370,927, about $3,000 less than currently collected. That shortfall is attributable to the loss in property tax revenue based on a recent decrease in assessed value of township properties, Bath Fiscal Officer Sharon Troike said.
Township Administrator Vito Sinopoli said Bath trustees opted to renew the current levy rather than seek a new or replacement levy.
“A new or replacement levy would lose the 12.5 percent rollback,” Sinopoli said, referring to the state legislature’s decision last year to eliminate the share that the state previously had paid toward local levies.
Trustees considered a replacement levy at 0.71 mills, until the numbers were computed.
“It would have been more expensive to our residents to go for a reduction to 0.71 mills” than to keep the current millage, Sinopoli said.
Cost of the levy renewal to property owners would be $22.97 per year per $100,000 of property valuation. The five-year plan for funds raised by this renewal levy would support the operation and maintenance of Bath parks. No capital improvements are projected in the current budget.