Financial Impact Calculator
See how different build-out scenarios affect Granville Schools and local taxpayers. Move the sliders to explore the numbers.
526
450600
1.6
0.82.0
New Students842
GEVSD Size134.4%
*An independent enrollment consultant (Wolpert Inc./Cooperative Strategies) estimated Students per House for this subdivision at 1.6. Read more on the FAQ page
Operating Budget (Annual)
Cost to Educate
-$12,075,122
Property Tax Revenue
+$2,576,328
Income Tax Revenue
+$789,000
State Funding
+$0
Annual Operating Impact
-$8,709,794
(10.54 Mill)
Construction & Bond Impact (Annualized)
Total New School Buildings
$55,000,000
Annual Bond / Debt Service
-$3,344,123
Net Annual Capital Impact
-$3,344,123
(4.05 Mill)
NET ANNUAL IMPACT
-$12,053,917
to Granville Schools each year (14.59 Mills)
Even in the most optimistic scenario, Granville Schools face a significant shortfall. This gap will likely require new local levies (estimated at 10.54 mills operating + 4.05 mills for new buildings).
Do you live in the Granville School District?
Use the calculator below to compute your annual tax increase
YOUR ADDITIONAL ANNUAL TAX
based on current scenario
+$2,299
Operating Budget
New students & income taxes
Annual impact
+$1,661
Bond - New Buildings
$55M / 30 yrs @ ~4.5%
Annual impact
+$638
CUMULATIVE IMPACT (no inflation)
| Period | Total | Operating | Bond |
|---|---|---|---|
| 1 Year | +$2,299 | +$1,661 | +$638 |
| 10 Years | +$22,990 | +$16,610 | +$6,380 |
| 30 Years | +$68,970 | +$49,830 | +$19,140 |
Based on current sliders • 35% assessed ratio • No inflation included