About Us » Bond Issue

Bond Issue

Tiffin students, parents, and educators have one thing in common—the desire to see every student in grades PreK through 12 achieve their fullest potential today while preparing for a bright tomorrow. This March, our community will have the opportunity to pass a bond issue that will provide crucial funding to help us meet these goals.

 

Facts & Figures

What will the bond provide our community?

  • New PreK-6th grade building
  • 82 acres of farmland for the new PreK-6th grade building
  • Renovation of middle school building (6-8th grade) into a junior and senior high building (7-12th grade)
  • Renovation of the current high school building to keep the auditorium, gymnasium, HVAC, and other areas of the building
  • Consolidated educational experience, from six buildings to two in the district
  • A safer, more cost efficient, leaner, and smarter school district
 

What dollars are available from the state for this project?

  • If the local community passes this bond issue, it will grant us access to additional state funding within the next five years.
  • It will also provide funding to support the next 15-20 years of building maintenance.
 

What are the terms of the bond?

  • Amount of mileage: $44,200,000
  • Bond length: 38 years
 

How will the bond affect the average citizen of Tiffin?

  • Cost to average homeowner with $100,000 property value: $187.25 per year
  • Current bond issue for the middle school expires in 2023; its current collection is $65 for a $100,000 home
  • New bond will bring the new net cost to $121.50 beginning in 2024
  • Senior citizens over the age of 65 can apply for a discount
 

What will happen to the old buildings?

  • Existing buildings will be offered to other educational entities, but if no one wants the buildings, then these will be demolished. The cost of the demolition is written into the bond.
 

What happens if the bond issue doesn’t pass?

  • The state may not fund the cost to upgrade current buildings because the cost to upgrade is greater than 66% of the cost to build new.
  • The school district will have to continue investing in buildings that will need to be replaced eventually anyway.
  • Safety and security across buildings will continue to be a threat.
  • Larger class sizes will leave no room for individualized instruction.
  • Prices to build will be higher in the future due to rising construction costs.
  • There will be no room for growth as the community grows.
 

Voting day is March 17 - support our schools!