The Teays Valley Local School District Board of Education voted unanimously to place a bond issue on the May 2025 ballot.

In March 2024, our district presented a $96 million bond issue to the community, which was defeated with 75% of voters opposing it. The plan was to build two new intermediate school buildings to house grades 4-6, convert all existing elementary schools to preschool-grade 3 buildings and repurpose the current middle schools for grades 7 and 8. After the bond's defeat, we received valuable feedback from our community, with concerns raised about the timing of the proposal, the overall size of the bond request, and the district's cash balance.

After careful consideration of this feedback, the Board of Education has developed a revised plan, which will be placed on the ballot in May 6, 2025. The new proposal reduces the total cost to $74.39 million, with $64.39 million funded by the bond and the district contributing $10 million. The plan still includes the construction of two intermediate buildings. However, the buildings will house grades 5 and 6, with space for future expansion when enrollment dictates. The buildings will be constructed on land owned by the district. One will be located on the TV East Middle School campus and the other on the Scioto Elementary School/TV West Middle School campus.

If enrollment projections are accurate, the district anticipates a second phase of construction will need to take place within 8-10 years to accommodate future needs.

To address current overcrowding, the district will also implement redistricting for the 2025-26 school year.

Please review the information below to learn more about the issue on the May ballot.

• Build two new intermediate school buildings, which will house grades 5-6. One building will be built on the same campus as TV East Middle School. Another building will be built on the same campus as Scioto Elementary School/TV West Middle School.

• All existing elementary schools will become grades preschool- grade 4 buildings. 

• The existing TV middle schools will become grades 7 and 8 buildings.

• Bond Issue - 3.26 Mill Bond Issue for 37 years

• Net Annual Cost - $4.38 per month or $52.50/year per $100,000 of county auditor's appraised value

• The graph below demonstrates the impact of the bond issue on the affordability relative to other central Ohio school districts. The first column where TV is listed is the current affordability. The second column is where TV would fall on the graph if the bond issue is successfully passed.

• There are two Bonds outstanding from prior building projects. The final payments on those Bonds are expected to take place in 2027 and the other in 2034, based on the current debt service schedule. This could result in a decrease to the millage in the subsequent years.

• The chart below demonstrates the Additional Millage and Tax Cost in dollars for a standard home ranging from $100,000–$300,000.

• The chart below is the Net Additional Millage and Tax Cost based upon wrapping the new 2025 debt payments around the maturing 2015 Bond issue.

• According to current projections from FutureThink, the district is anticipating an 20% increase in enrollment over the next 10 years (approximately 1,000 students).

• 80-100 students per year

• Current district capacity issues are projected to impact the elementary/middle schools.

• Enrollment as of January 2025 has increased by 140 students since the end of the 2023-2024 school year.  This is outpacing enrollment numbers the projected growth studies have provided.

The total cost of the project will be $74.39 million, with $64.39 million funded by the bond and the district contributing $10 million.