Stow and Munroe Falls residents approved a 10-year, 7.84-mill renewal levy for the school district at the polls on Tuesday.
The renewal levy passed with 57.64 percent of the vote.
“I sincerely appreciate the continued support of the Stow and Munroe Falls communities for our excellent school district,” Superintendent Russell Jones said. “The passage of Issue 67 reaffirms the support our citizens have for the excellence in education for our children every day. On behalf of the Board of Education, staff, parents and most importantly our students, I sincerely appreciate their belief in and support of our district.
Treasurer Catherine Bulgrin said Monday the levy represents 13.5 percent of the district's revenue. Those funds represent an amount of revenue that has been in place since the mid 90s.
The renewal levy is not a new tax and providing property values stay the same.Homeowners will not experience a tax increase, Bulgrin said.