A Permanent Improvement (PI) Levy produces funds that can be utilized for items with a lifespan of five years or more. Items of this nature are:
No, it cannot. We are legally required to use the money raised through a permanent improvement levy on items such as the ones listed in the question above. It cannot be used for other costs, such as payroll.
It is a 1.1-mil permanent improvement levy renewal that will be on the Nov. 5th ballot.
Because this is a levy renewal, it will NOT raise taxes. This permanent improvement levy was first passed in 1984 and last passed in November of 2018.
If renewed, this levy will cost homeowners $1.92 per month for every $100,000 of home valuation.
We expect to have two new buildings open and operating in December of 2026. We expect to have two more new buildings open and operating in the fall of 2027.
In the meantime, we will need the permanent improvement levy to maintain the nine buildings and other structures we currently have.
Once the four new buildings are finished, six buildings (Cookson, Concord, Heywood, Hook, Kyle and Van Cleve) will be demolished and abated.
Following the demolition of those schools, we will still need to maintain Troy High School, Troy Junior High School and the Forest building and other remaining structures.
Even if the levy does not pass, we will still be responsible for keeping students in all of our buildings warm, safe and dry. If forced to do so without the benefit of the permanent improvement levy, we would need to use money from other sources, such as the general fund.
Citizens for Troy Schools
Craig Curcio, Treasurer
2550 Winfield Ct.
Troy, Ohio 45373
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