New Mad River levy on May ballot would replace expired levy
RIVERSIDE, Ohio (WDTN) — Riverside voters will see a new levy on the ballot this May, in support of the Mad River Local School District.
Mad River Schools are putting up a new levy on the ballot after voters turned down the option in November. The Permanent Improvement Levy of 2.9 mills would be used to repair and maintain buildings and equipment.
November 2024 Election: Over half of Ohio school levies failed
The district says this would replace the previous bond levy that went into effect in 2001 and allowed the construction of new school buildings. 2024 was the last year of payments for those bonds, meaning taxpayers are currently paying less.
Officials with the district say that those new buildings in 2001 are now requiring some upkeep.
'While it is great that the bonds were paid off this past year, the district is experiencing large repair and maintenance costs as the age of the building and things that came with the new buildings begin to wear out,' said Jennifer Alexander, with Mad River Local Schools.
Alexander says there are several items that need replacing, including the roof on Stebbins High School, air conditioning at Spinning Hills and four elementary buildings all need repairs to the roofing.
A Permanent Improvement Levy was previously in place, but was dropped when the Bond Levy began in 2001. Now that the Bond Levy is expired, the district is asking residents to pass this new levy to maintain the buildings they worked hard to establish.
'Our school buildings are pillars of the community and we want to make sure they are safe, well-maintained, and last as long as possible,' said Alexander.
Permanent Improvement Levy funds can only be spent on capital improvement and equipment — funds cannot be spent on salaries or other operating expenses.
While it is great that the bonds were paid off this past year, the district is experiencing large repair and maintenance costs as the age of the building and things that came with the new buildings begin to wear out. For example, a new roof for Stebbins High School costs $1.7 million. An air conditioner chiller at Spinning Hills will cost $250,000. The four elementary buildings need new shingles for the roof at a cost of $82,000 each.
Residents of the district will be able to vote on the levy in the upcoming ballot on May 6, 2025.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
BMO Lifts CrowdStrike (CRWD) Price Target to $500, Cites Long-Term Growth Strength
We recently published a list of . In this article, we are going to take a look at where CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stands against other buzzing AI stocks on latest news and ratings. On June 4th, BMO Capital raised the firm's price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $500 from $405 and kept an 'Outperform' rating on the shares. Firm analysts cited CrowdStrike's 'solid if unspectacular' quarterly performance and comprehensive security portfolio as reasons behind the rating affirmation. The analysts also told investors in a research note how the company boasts one of the most comprehensive and effective security portfolios. Security personnel at their consoles, monitoring a global network of threats in real-time. Analysts also added that they are optimistic about the company's ability to sustain 20% top-line growth into fiscal year 2027. This growth projection aligns with its current revenue growth of 26% and projected 21% growth for the next fiscal year. Moreover, CrowdStrike's customer commitment packages anniversary is expected to boost annual recurring revenue growth in the second half of fiscal year 2026. Even though the analysts acknowledge the stock's high valuation, they are optimistic about its future performance. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection. Overall, CRWD ranks 8th on our list of buzzing AI stocks on latest news and ratings. While we acknowledge the potential of CRWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 hours ago
- Yahoo
Micron (MU) Ships World's First 1-Gamma LPDDR5X to Power Faster, Smarter AI Smartphones
We recently published a list of . In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other buzzing AI stocks on latest news and ratings. On June 3rd, Micron Technology, Inc. (NASDAQ:MU) announced shipping of the world's first 1γ (1-gamma) node-based low-power double data rate 5X (LPDDR5X) memory. Known to be a game-changer for the mobile industry, it has the ability to accelerate AI applications on flagship smartphones. The Micron LPDDR5X delivers faster, smoother mobile experiences and longer battery life for users. This is true even when operating data-intensive workloads such as AI-powered translation or image generation. A close-up view of a computer motherboard with integrated semiconductor chips. Next-generation smartphone designs are competing to be as compact as possible, and the LPDDR5X package size boasts to be the industry's thinnest package of 0.61 millimeters. This makes it 6% thinner compared to competitive offerings, and marks a 14% height reduction from the previous generation. As such, Micron's latest offering offers users a whopping 20% power savings, offering users the ability to enjoy their favorite AI applications, games, and video content longer on a single charge. Moreover, data center servers, intelligent vehicles, and AI PCs may also adopt the LPDDR5X for achieving optimized power efficiency and high performance. 'Micron's 1-gamma node-based LPDDR5X memory is a game-changer for the mobile industry. This breakthrough technology delivers lightning-fast speeds and remarkable power efficiency — all within the industry's thinnest LPDDR5X package — paving the way for exciting new smartphone designs. This solution demonstrates our commitment to empowering the ecosystem to create extraordinary mobile experiences.' Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide. Overall, MU ranks 5th on our list of buzzing AI stocks on latest news and ratings. While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Why AST SpaceMobile, Inc. (ASTS) Soared On Thursday
We recently published a list of . In this article, we are going to take a look at where AST SpaceMobile, Inc. (NASDAQ:ASTS) stands against other best-performing stocks on Thursday. AST SpaceMobile extended its winning streak to a fourth straight day on Thursday, jumping 7.53 percent to close at $30.85 apiece as investors scrambled to ride on the growth opportunities from a potential tie-up with billionaire Jeff Bezos. Earlier this week, speculations surfaced about a potential tie-up between AST SpaceMobile Inc. (NASDAQ:ASTS) and Blue Origin following an Instagram post by the former's board member, Adriana Cisneros, showing herself alongside CEO Abel Avellan and Bezos, in a photo. An aerial view of a communications satellite in orbit, beaming its signal down to Earth. She also captioned: 'Amazing things are happening at AST & Science + Blue Origin.' Prior to the Instagram post, Blue Origin executives visited the AST SpaceMobile, Inc. (NASDAQ:ASTS) headquarters in Texas, with speculations that discussions may have gone beyond launch logistics to cover broader strategic and financial matters. AST SpaceMobile, Inc. (NASDAQ:ASTS) already holds a major commercial agreement with Blue Origin for the launch of up to 45 BlueBird Block 2 satellites, with the option to add 15 more. Overall, ASTS ranks 10th on our list of best-performing stocks on Thursday. While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data