House Flipping Makes A Comeback In Solon Ohio

A single family home located in the Liberty Hills subdivision of Solon Ohio goes into foreclosure.  The Secretary of H.U.D (U.S. Department of Housing and Urban Development) takes control of the property and notifies City of Solon’s Building Department.  The property gets purchased by an individual for about $100,000.  In about a month, this owner quickly rehabilitates the interior and exterior of the property and lists it for sale for about $200,000.

As a sidebar; effective October 1, 2011, the maximum loan amount that Fannie Mae and Freddie Mac will back is set to decrease from $729,750 to $625,500.  This might make mortgages more expensive or more difficult to get for buyers in high-cost areas.  The impact of this sane step on property values in Solon subdivisions like Signature of Solon and Thornbury of Solon and Cuyahoga County in general, will be interesting.

Until 2008, any loan more than $418,000 was considered a jumbo loan, but that later swelled to $625,500 and then was temporarily set at $729,750.  Once the current jumbo loan limit expires, lenders who want to make loans over $625,500 either will have to hold onto the mortgage themselves 💡 or find a private investor to purchase it.

Solon Schools Funding Is A Green Issue, Not Red or Blue

The primary reason why many younger Solon residents call Solon their home is the high reputation and ranking of the Solon Schools.  According to a press release by Solon School District, the following provides an overview of the funding losses the Solon School district faces in the current budget proposal of Governor John Kasich and the best estimate of the impact on Solon Schools:

Estimated loss – Tangible Personal Property Reimbursement – $1,211,471 accumulating each year for 8-plus years until a total of $10.7 million is taken from the Solon School district.  This is 17.7% of operating budget and equates to over 9 mills of property tax revenues lost.

Estimated loss – TPP Reimbursement related to Permanent Improvement Levy – $79,825 accumulating each year for 4 years until a total of $319,299 is taken from the Solon School district.  This is 0.5% of the Solon Schools operating budget.

Projected loss of state foundation basic aid funding – $1,337,469 in basic state aid for FY12 and $961,582 in basic state for FY13 – The district currently receives $2,496,203 in state aid for FY 2011, which is approximately $490 per student.  Non-public schools receive approximately $900 per pupil. Under the new formula, Solon Schools are projected to receive a 53.6% and 38.6% decrease in funding for fiscal years 2012 and 2013 compared to fiscal year 2011 funding.  This reduction will result in state funding per pupil at $227 in fiscal year 2012.

Pension Contribution – The proposed changes in employer contributions to the state pension plans would save the district approximately $880,000 per year.

Total funding loss – Solon School district will lose approximately 18% of its total operating funds on an annual basis once the TPP reimbursement are completely eliminated in 8.5 years.  Solon School district has made more than $6 million in permanent reductions since fiscal year 2005 and frozen administrative, non-bargaining unit and supervisor salaries for the current fiscal year.  Solon Schools have already negotiated 0% wage increases for the next few years with OAPSE (Ohio Association of Public School Employees) staff, and will be negotiating a similar contract with the teaching staff in the coming months. Even with these reductions, and even with the potential of a reduced district cost of a 2% pension contribution, Solon School district cannot make the reductions to offset the lost revenues.

The Robin Hood effect and the state’s grab of local resources from the tangible property tax without corresponding reimbursement, combined with the state funding formula reduction, is approximately 10 mills to Solon local taxpayers (residential and commercial).

Solon Deer Group Hopes to Rewrite Solon’s Deer Regulations

Press Release by Solon Deer

Solonites Unite With Ballot Initiative To Stop Lethal Deer Control In Its Tracks

Solon Deer, a groundswell of Solon, Ohioans, has joined forces with like minded others to rewrite Solon ’s senseless, merciless, wasteful and dangerous laws concerning deer control in Solon.

Across the great ―Buckeye State of Ohio, citizens have caught on:  No longer duped into believing lethal methods are even remotely capable of controlling deer populations.  Solon Deer is confident a ballot initiative will successfully demonstrate the majority agrees with its 21st Century stance on deer as sentient beings.

Each and every Solon council meeting saw residents and others speaking out against every lethal deer control method — but they didn’t feel heard.  Now, Solon Deer fights back, by obtaining 1,700 signatures, as required by June 30 – giving people, and animals, the power.

With its valid “Initiative Petition” under Ohio Revised Code , residents – not bullying city and Public Works officials, not deceptive Division of Wildlife and USDA officials, and not vested-interest hunters — will decide laws concerning deer in Solon.  The voters will prevail, just as theydid in Broadview Heights, Ottawa Hills and an increasing number of Ohio, and nationwide cities.

After five years, $807,325.55 dollars – not including legal fees — and the massacre of nearly 1,600 deer, Solon has witnessed rebounding deer populations, as predicted.  Solon leaders’ poorly conceived, shortsighted ―management plan failed , so they responded this winter withan even more senseless solution: bow hunting.  Under the guise of “saving money” — which Solon is painfully aware will be exponentially harder because it just lost state funding for schools – it’s really an effort to cater to a very small minority of hunters.

Advocates for 21 st Century solutions were right all along. But just being right doesn’t win the fight. This is the way to go: Solon Deer urges Solon residents to sign – and, if possible, help volunteer with — the petition.  Petitioners will be out en force, beginning Saturday, April 16th, 9 a.m. to 5 p.m., at the Solon Recreation Center, 35000 Portz Parkway, Solon, OH 44139.

High-powered rifles, bows and arrows and all other lethal methods simply do not belong in Solon!

No Deer Hunting in Solon

No Deer Hunting in Solon

For more information and to learn about how you can help with Solon Deer as a petitioner (easy, quick sessions mobilize volunteers to legally collect signatures), or to obtain a free ―No Hunting in Our Neighborhood yard sign, visit www.SolonDeer.com or Email solondeer@gmail.com.

Solon Deer is a grassroots, volunteer group — with Solon, Ohio, residents at its core – confident about ending all senseless, expensive, dangerous, completely ineffective lethal methods of controlling deer in Solon, adjacent Glenwillow, or any other adjacent community as originally proposed or ever to be proposed by the City of Solon.