HUDSON -- The School Board unanimously approved placing a 1.5-mill Permanent Improvement Levy renewal on the May ballot Jan. 23.
The current PIF levy costs the owner of a $300,000 home about $138 per year. If passed,it will continue to cost that amount, and the renewal will not bring any new taxes, according to Board president David Zuro.
The PIF can be used for school purposes of constructing, expanding, rehabilitating, remodeling and improving school buildings, acquiring furniture, furnishings and equipment got school purposes and landscaping and improving school sites.
According to Zuro, the five-year levy which was last passed Nov. 6, 2012 expires this year.
The 1.5-mill levy is estimated to bring in $1.39 million a year, assuming the tax valuation remains the same during the five-year life of the levy, Zuro said.
According to the County Fiscal Office the total tax valuation is $957,220,180.
"These funds are not used for salaries and represent no increase in taxes over and above what residents are paying for their taxes today," Zuro added. "Nor does this have anything to do with the Facilities Plan or a future bond."
Board member Steve DiMauro agreed.
"This is to place it [the levy] on the ballot for our community to decide and hopefully support," DiMauro said. "We have used these funds very judiciously over the period and they are used for much needed improvements."
The proceeds from the levy, if passed, would first be collected in 2018, Zuro added.
"This district has had a Permanent Improvement Levy in place since 1962," Zuro said. "Since 1972 the amount of that levy has been 1.5 mills and has been repeatedly approved by the residents of the Hudson City School District."
The primary usage of PIF funds is upgrading technology, purchasing busses and general maintenance of facilities, Zuro said.
Superintendent Phil Herman added that the PIF funds also can be used for safety upgrades, as well as building maintenance.
"These funds have been absolutely essential to our ongoing operation in those areas," Herman said.