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Bond sale completed Staff report FAIRBORN Fairborn City Schools recently completed the final phase of selling the bonded debt approved by the voters last November for construction of the new Fairborn High School complex. School officials expect this closure will save Fairborn residents millions of dollars over the next few years. The total aggregate interest rate for all debt was 2.65 percent, which is close to all-time lows for a 35 year issue. ”Because of the very favorable market conditions, Fairborn taxpayers will get the benefit of some changes,” treasurer Kevin Philo said in a release. Voters originally approved the bond for up to 37 years. However, this was recently changed to a maximum of 35 years due to low interest rates. Taxpayers will not have to pay for the remaining two years. ....
Auditor approves FCS levy on May ballot By London Bishop - [email protected] FAIRBORN The Fairborn Board of Education took the second action necessary to place a renewal levy on the May 2021 ballot, as the Greene County Auditor has certified that the millage will be 7.0 mills. This levy request will not increase property taxes, the district says. The levy is a renewal of one that was first passed in 2007, and renewed in 2012 and 2016. The second resolution to place it on the May ballot was passed at the school board’s Jan. 7 meeting. According to FCS, this is reduced from the original 8.6 mills that was passed in 2007. The renewal millage was dropped to 8.4 in 2012, and the proposed 7 mills is the lowest renewal amount to date. ....
Fairborn votes in favor of Issue 22 By London Bishop - [email protected] FAIRBORN On Tuesday, Fairborn voters decided the fate of the future high school and middle school for the Fairborn City School district. As of November 3, voters passed the combined bond issue/levy by a ratio of 56 percent to 44 percent. Fairborn City Schools officials expressed their thanks to the community for the passage of this issue. “I am so thankful for the community’s support of this important issue,” said Superintendent Gene Lolli. “I want to thank the community for believing in the schools and for helping district leadership chart a path for the future. A new high school and middle school will allow our students to receive the 21st century education they will need to be successful. Our facilities will match the caliber of our students!” ....