LORAIN — Issue 8, the Lorain Schools levy, was defeated Tuesday night 7,549 (or 56 percent) against to 5,935 (or 44 percent) for.
The 10-year, 9.12-mill, $6 million levy would cost homeowners an additional $320 per year per $100,000 of home value.
Without the levy or any other additional revenue, the district is projected to go into a deficit as high as $32.5 million by the 2011-12 school year. A deficit means the district is in danger of being declared to be in fiscal emergency, and the state assuming control of the district.
Voters rejected previous levies by a margin of 3,649 to 2,409 in May and 6,171 to 4,939 in November of 2009.