Groveport Madison Schools

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Bond Issue #38 Information

The Groveport Madison Schools Board of Education has placed a bond issue on the ballot for the November 5 general election to address the growing student enrollment and future needs. This measure is intended to secure funding for necessary improvements and expansions within the school district to accommodate the increasing number of students.

About the Ballot Issue

This bond issue authorizes the District to issue $78.3 million in bonds to construct, improve, furnish, and equip three new middle schools and an addition to Groveport Madison High School.
The cost of the $134.8 million bond issue would be funded with $71.4 million in state funds and $78.3 million in local funds raised (this figure includes locally funded initiatives).

Purpose and Impact

The Board has determined that this request is essential to finance the construction of specific improvements to the District’s facilities. This funding will support Phase 2 of the Master Facilities Plan, which is estimated to cost $134.8 million.

The impact of this project is to provide facilities consistent with an increasing student population. This will create more efficient student workspaces and increased capacity for personalized learning.

Phase 2 Details

Replace and build three new middle schools: Central, North, and South
- Middle School South and Middle School North will be razed, while Middle School Central will remain under District control for alternative uses.
- The new middle schools will house grades 5-8, providing additional space at the existing elementary schools.
Build an addition to Groveport Madison High School.

Cost to Taxpayers

Significantly, the bond issue will cost the homeowner of a $100,000 (Franklin County Auditor appraised value) home 23.4 cents per day ($7.02/month) — 17.4 cents daily ($5.22/month) for taxpayers over 65.

The median home value in Groveport Madison School District is $166,000. That would cost a homeowner 38.8 cents per day ($11.64/month). For taxpayers over 65, the cost would be 28.7 cents per day ($8.61/month).

These funds will generate enough money to build three new middle schools and a small addition to the high school.

Financing Opportunities

To secure state funding amounting to $71.4 million, which covers 53% of the total project cost, our school district must pass the bond issue within the next three election cycles. Failure to pass the bond issue within this timeframe will result in Groveport Madison Schools being responsible for the entire project cost of $134.8 million.