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Did You Know?
A 10-year, 1.75% Earned Income Tax Levy will appear on the November 3rd election ballot. Here are some facts voters should know about the levy.
Pass the income tax. Lower your property tax.
If the income tax passes, the emergency property tax currently on the books will be allowed to expire.
This is the first new operating tax for the district since 2003.
If passed, this would be the first new operating tax for Wynford since 2003. That’s 23 years of making do with the same amount of levy funding, regardless of the changing economy and the constant rising prices of goods and services.
Compared to other local districts, Wynford has the second lowest tax collection.
Out of 11 area schools (Crawford County and the N10 Conference) Wynford operates on the second lowest amount of tax money and still meets all state standards.
Our students are performing.
Despite all revenue obstacles, nearly 98% of students graduate, and nearly a third of high school students are also taking college classes. These accomplishments are achieved with a minimal number of staff, and with approximately $750,000 in spending cuts over the past two years.
Without a levy, Wynford will face a deficit as early as 2029.
After 23 years of saving and operating in a responsible manner, time is catching up with Wynford Local Schools. A deficit of over $2.3 million is projected to begin as early as 2029 if the income tax is not put into place.
This levy is an Earned Income Tax levy, which is very specific to what is and isn’t taxed.
By definition, any “earned” income, such as wages and self-employment income, is taxed. If you’re a landowner and rent your land to a farmer, the Earned Income Tax does not apply to the rent the farmer pays you. The list of what is not taxed is much longer:
– annuities
– retirement income
– rental income
– Social Security benefits
– dividends
– alimony
– interest
– trusts and estates
– workers’ compensation benefits
An income tax shares the cost of operating the district over a larger pool of individuals.
At a time when there is so much opposition to property taxes, adding an income tax to Wynford’s funding makes great sense. It spreads the cost of operating the school district among more taxpayers, shifting the cost of education away from relying only on landowners.