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Ross LSD Saves Taxpayers $2,043,589 through Bond Refinancing

 

 

On August 23, 2016 Ross Local Schools refinanced $8,950,000 in outstanding bonds originally issued in 2006.  Just like a homeowner can refinance their mortgage to take advantage of lower rates, a district can refinance their outstanding debt when interest rates move downward.  The refinancing of this prior debt will save the district approximately $2,043,589 over the next twelve years.  This savings will be reflected in lower property taxes to District residents over the life of the bond issue. 

 

The 2006 bonds were originally issued with an average interest rate of 4.31%.   The District was able to lock in historically low interest rates.  The refunding bonds were sold on August 23rd at varying interest rates, averaging 2.07%.

 

Through the refinancing process the District received confirmation of the District’s excellent Aa2 credit rating from Moody’s Investors Service.  The Moody’s credit rating report cited the District’s healthy fund balances, stable assessed valuation base, and favorable location in the Cincinnati metro area as factors for this excellent credit rating.

 

 RBC Capital Markets (Cincinnati) served as the underwriter for the refunding bond sale.

 



January is School Board Recognition Month

posted Dec 29, 2016, 5:29 AM by Scott Gates

Thank your school board member today

School board members exemplify local citizen control and decision-making in education. They volunteer hundreds of hours and an immeasurable amount of energy to assure that our schools are providing the best education possible for the children of our community. Here are some reasons we are taking this opportunity to show them our appreciation during School Board Recognition Month in January.

School board members are citizens whose decisions affect our children — what they learn, who will teach them and what kinds of facilities house their classrooms.

These are men and women elected to establish the policies that provide the framework for our public schools. They represent you, and they take this responsibility seriously by attending lengthy — sometimes challenging — meetings, conferences and institutes where they broaden their knowledge about education; during numerous conversations about the schools; and sessions before the Ohio General Assembly.

Our school board is one of more than 700 such boards across the state. These boards enable us to have local control of public schools, meaning that decisions on school programming are made by local, elected representatives who understand the community’s unique problems, values, culture and circumstances.

It’s a tradition that began nearly 300 years ago. With the advice and counsel of the educational professionals they hire, our school board has an impact on virtually every aspect of our schools. It’s a huge responsibility and one that should not be taken lightly.

Too often we neglect to recognize the dedication and hard work of these men and women who represent us. The staff and students of our school district are asking all local citizens to take a moment to tell a school board member “thanks for caring about our children’s education.”

So, hats off to the dedicated men and women who make it possible for local citizens to have a say about education in our communities. We salute the public servants of the Ross Local School District whose dedication and civic responsibility make local control of public schools in our community possible. We applaud them for their vision and voice to help shape a better tomorrow.  Thank you to:


Mr. Edward Bosse
Mr. Keith Klinefelter
Mr. Michael Kroeger
Mr. Steve Stitsinger

Mr. Shawn Webster


Interested in substitute teaching?

posted Dec 15, 2016, 10:13 AM by Scott Gates

The Ross Local School District is in search of substitute teachers. Sub teachers are critical for our school district to keep the learning process going when a classroom teacher is out for professional training or personal reasons. 

All that is required to substitute teach is a bachelor's degree. This is a great opportunity for those who would like the flexibility of choosing a schedule that works best for them. Ross pays $85/day for substitute teachers. 

If you or someone you know may be interested, please share this link with them. http://www.bcesc.org/page/substitute-opportunities

Ross Local School District Weather Statement

posted Dec 15, 2016, 2:40 AM by Scott Gates

Ross Local Schools are on a two hour delay for Thursday, December 15, 2016. There will be no a.m. kindergarten or preschool  

Winter Break

posted Dec 13, 2016, 5:42 AM by Scott Gates   [ updated Dec 16, 2016, 12:41 PM ]

The last day for students will be Tuesday, December 20, 2016 and the students will return to school on Wednesday, January 4, 2017.   On behalf of the entire Ross staff I would like to wish everyone a Merry Christmas and Happy New Year!

Meet and Greet with the Superintendent and Treasurer

posted Oct 10, 2016, 5:18 AM by Scott Gates

Superintendent Scott Gates and Treasurer John Kinsel will be at the Ross High School media center on Wednesday, October 19, 2016 6:00 p.m. to 8:00 p.m. to meet with Ross community members.  This is an opportunity to get to know  Mr. Gates and Mr. Kinsel, share ideas, share concerns and ask questions.  We look forward to seeing you.  Additional meetings will be scheduled each month.

Ross LSD Saves Taxpayers $2,043,589 through Bond Refinancing

posted Oct 6, 2016, 5:18 AM by Scott Gates

 

On August 23, 2016 Ross Local Schools refinanced $8,950,000 in outstanding bonds originally issued in 2006.  Just like a homeowner can refinance their mortgage to take advantage of lower rates, a district can refinance their outstanding debt when interest rates move downward.  The refinancing of this prior debt will save the district approximately $2,043,589 over the next twelve years.  This savings will be reflected in lower property taxes to District residents over the life of the bond issue. 

 

The 2006 bonds were originally issued with an average interest rate of 4.31%.   The District was able to lock in historically low interest rates.  The refunding bonds were sold on August 23rd at varying interest rates, averaging 2.07%.

 

Through the refinancing process the District received confirmation of the District’s excellent Aa2 credit rating from Moody’s Investors Service.  The Moody’s credit rating report cited the District’s healthy fund balances, stable assessed valuation base, and favorable location in the Cincinnati metro area as factors for this excellent credit rating.

 

 RBC Capital Markets (Cincinnati) served as the underwriter for the refunding bond sale.

 

Substitutes Needed!

posted Sep 6, 2016, 10:45 AM by Scott Gates

Ross Local Schools is taking applications for substitute staff for multiple positions.  If you are interested in serving as a substitute in any of the positions listed below, please call Susan Genton, administrative assistant, Superintendent’s Office at 513-863-1253.


Available substitute positions:


Custodian

Cafeteria

Secretaries

Bus Drivers - must have CDL license

Paraprofessionals/Student Assistants


Ross Central Trains Open House

posted Sep 6, 2016, 10:42 AM by Scott Gates

Ross students, parents, staff and community members are invited to the Ross Central Trains open house on Sunday, September 25, 2016 1:00 p.m. - 4:00 p.m.  The open house is located at the Administration Building.  Please enter door 3 located at the northwest corner of the building.  Click on the link for the event flyer - http://www.queencityhirailers.com/pdfs/16-09-25%20ROSS%20CENTRA%20Train%20showL.pdf

Emergency Parental Notifications

posted Aug 18, 2016, 10:31 AM by Tricia Kluener

The Ross Local School District takes the safety and security of our staff and students very seriously.  As a part of Ohio Revised Code, the District is required to inform students and parents/guardians each year of our emergency parental notification protocols.

In the event of an emergency, we will disseminate information through our One Call Now system (phone call, text and email), as well as our website and social media channels. We will continue to provide updates through those avenues, as needed.   Please be sure that your emergency contact information is up to date in our files in order to be contacted in case of emergency.  

Thank you for your support of Ross Local Schools.  

Scott Gates, Superintendent

Transportation Info for 2016 - 2017 School Year

posted May 31, 2016, 10:30 AM by Greg Young

Each school year the Ross Schools Transportation Department routes students in grades K - 8 from their home address for pick-up and drop-off. If you want your child picked up in the morning or dropped off in the afternoon at some other address, you will need to complete a Bus Form with the alternate address by July 1st. The Elementary/Middle School Bus Form can be found by going to the district web site at www.rossrams.com. On the home page, select the “Departments” tab. In the drop down menu select “Transportation”. Find the Quick Links list on the left side of the transportation page. Click on “Bus Forms”, click on "Pre K – 8 Bus Form", complete the form, and submit it. If you have any questions regarding this process, please contact the Ross Transportation Department at 738-2900.

 Each school year all high school students who want to use Ross School bus service must register for that service by July 1st. To complete the High School Bus Form go to the district web site at www.rossrams.com. . On the home page, select the “Departments” tab. In the drop down menu select “Transportation”. Find the Quick Links list on the left side of the transportation page. Click on “Bus Forms”, click on "RHS Bus Form", complete the form, and submit it. A list of all high school shuttle stops can be found in the Quick Links menu on the Transportation home page. If you have any questions regarding this process, please contact the Ross Transportation Department at 738-2900.

 

Bus changes or requests submitted after July 1st will not be implemented until September 6th.

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