Wickliffe Schools…draining the lifeblood out of their seniors

Thanks to one of our many Wickliffe lobbyists for this letter from the Wickliffe School Board.

wickliffe school mailer

Let’s check their math:

11.47 mills x $35.00 = $401.45 per $100,000 valuation per year
$401.45 / 12 = $33.45 per month  thumbs up

For those that get the homestead exemption:

11.47 x ($35.00 x .75) = $301.08  per $100,000 market valuation per year
$301.08 / 12 = $25.09 per month  thumbs up

Let’s take it to the next level, shall we:
Market Value w/o Homestead Ex.:  $100,000        $200,000      $300,000        $400,000
Increase per Year                                   $301.08          $602.16         $803.24         $1,204.32

Annual Increase in Income Needed
To Meet the HAT % (Inc. / 30%)       $1,003.60       $2,007.20       $2,677.46         $4,014.40

Remember the Housing Affordability Threshold says that if you add your mortgage, utilities, and property taxes, and their total equals 30% or more of your annual income then the house is deemed unaffordable for you.

You would divide the increase in annual taxes by your own personal HAT % and that equals the annual income that you need to avoid creeping closer to the 30% level.  The numbers shown above are the minimum annual income needed to pay the taxes if you are already at the 30% level.

Here are some questions you may wish to ask the school officials:

(1)  If the levy passes and the State gives them the $8.6 million will those savings be passed back to the taxpayers.

(2)  Are there any “double dippers” [getting their pension and salary], and who receives the “pick-up” [employer pays employee portion of their pension]?

(3) How much of the school’s operating expenses is paid out for all salaries, benefits and pensions? (Do not be surprised if they tell you 85%.  So when they say that they need to control expenses it is usually just the 15% they tackle.)

(4) If there is declining enrollment, how can they justify this spending level?



Categories: Lake, Lake County Cities & Townships, Tax Levies, Uncategorized, Wickliffe

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