Unofficial election results show Lake County voters rejected Issue 1 for the $5.37 million bond levy that would have increased taxes over 37 years to allow Riverside Local Schools to raise $147,725,000 to construct a new 6-12 grade complex.
PAINESVILLE TOWNSHIP, Ohio - Unofficial election results show Lake and Geauga county voters rejected Issue 1 for the $5.37 million bond levy that would have increased taxes over 37 years to allow Riverside Local Schools to raise $147,725,000 to construct a new 6-12 grade complex.
In Lake County, 8,551 residents voted against the bond issue and 2,695 residents voted for the bond issue, according to unofficial results. Bond levies pay off the principal and interest on the bonds issued for construction activities with a specified term and amount. Riverside Local Schools clarified that funds could not have been used for District operational costs such as instructional materials, salaries, or benefits.
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