BOWLING GREEN, Ohio-Bowling Green City Schools has gained an additional $8.4 million for educational programs following voter support to convert the last five-year tax issue to a continuing income tax. This decision reduces the need for cash reserves and allows for better budgeting and more reliable revenues.
Board President Norm Geer thanked voters for their support, emphasizing the positive impact on educational programs. Financial consultant David Conley commended the board for responsible spending, despite community criticisms. The district’s Aa2 bond rating by Moody’s enables borrowing at lower interest rates, resulting in savings for taxpayers compared to districts with lower ratings, such as Perrysburg.
BG Schools has $8.4M freed up from cash reserves due to voters passing continuing income tax
