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Johnstown, Licking County  -  We invite everyone to visit our open house at 13050 Miller Road on September 20 from 1:00  to 4:00 PM.

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The '09 First-time Home Buyer Tax Credit allows buyers who haven't owned a home in at least 3 years to receive a refund up to $8,000! The First-Time Home Buyer Tax Credit contained in the '09 Economic Stimulus Bill bumped the credit up to $8,000 (from $7,500 in '08) & the recapture (loan payback) provision was removed. HUD announced the tax credit may be used at the closing table. On 5/12/09, the FHA announced that homeowners can use the $8,000 tax credit at the closing table by "monetiziing" the tax credit through short-term bridge loans. The $8,000 tax credit can be used w/FHA loans to buy down the interest rate, help w/closing costs, or used in addition to the minimum 3.5% downpayment to put more money down at the time of purchase. The tax credit cannot be used to cover the initial 3.5% downpayment. The Ohio Housing Finance Agency (OHFA) on 3/31/09 announced the Homebuyer Tax Credit Advantage program - assisting homebuyers w/downpayment & closing costs & can be used w/the $8,000 tax credit. Eligible homebuyers who make their purchase between 1/1/09 & 12/1/09 can treat the purchase as if it had occurred on 12/31/08. Eligible buyers have 3 filing options for their '08 taxes: 1.If they purchase between 1/1 & 4/15/09 they can claim the $8,000 credit on the '08 return due on 4/15. 2.They can extend their '08 income-tax filing until as late as 10/15 (The taxpayer must file for the extension). 3.If they have filed their '08 return before they purchase a home, they may file an amended '08 tax return. Of course, '09 purchasers always have the option of claiming the credit for the '09 purchase on their '09 return, which is due 4/15/10. For example: •If you owe $3,000 in taxes & claim the $8,000 credit, you'll receive a $5,000 refund. •If you are due a refund of $1,000 & claim the $8,000 tax credit, you'll receive a $9,000 refund. •If you owe nothing & aren't due a refund, but claim the $8,000 tax credit, you'll receive an $8,000 refund!

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Each year the Ohio Department of Education releases report cards for each Ohio school and district. If you would like to see the report cards for GES, GIS, GMS, GHS, and the district, they can be downloaded at our district web site (http://www.granville.k12.oh.us/). Some highlights from the district report card: 1. We earned the highest designation from the state, which is called “Excellent with Distinction.” Of the 49 school districts that make up the Central Ohio region (Licking, Franklin, Delaware, Fairfield, Madison, Union, and Pickaway counties), nine districts earned the highest designation. 2. We earned our district’s highest Performance Index score since it was created six years ago. The Performance Index is a score that instead of simply giving credit for how many students pass an exam, provides a weighted measure of how high the students score on each exam. Of the 49 Central Ohio districts, our score of 106.1 was the second highest (Upper Arlington earned 106.7). 3. Of the 30 indicators the state uses to grade districts, we met all 30. This is the tenth consecutive year our district has exceeded every state indicator. There are only three other school districts in Ohio (out of 610 districts) that have accomplished ten straight years of perfect report cards. While we are excited to earn a perfect report card, we are not suggesting that we are a perfect school district. There are many areas that Superintendent Prebles is working to help the Granville Schools improve. However, the report card does demonstrate that 2007-2008 was a successful school year academically for the students, so thank you for your support in working with the teachers to make that happen. The final note for the week is to let you know that the Granville Board of Education is holding a special meeting on September 9 at 1:30 pm. For more details, visit the district web site at http://www.granville.k12.oh.us/. Scott Emery Director of Education

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TBD

When/Where: Dawes Arboretum - Gates Open at 3:30 - Sunday, August 31, 2008

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tbd

When/Where: The Village of Colonial Woods - Mount Vernon Real Estate - Saturday, September

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as

When/Where: 131 Philipps Glen - August 24, 2008

Heath, Licking County  -  We invite everyone to visit our open house at 803 Emily Place East on September 19 from 1:00 PM to 5:00 PM.

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Heath, Licking County  -  We invite everyone to visit our open house at 607 Turning Leaf Lane on September 12 from 1:00 PM to 5:00 PM.

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