Alma School District Bond Measure (August 2010)
This measure was approved
- YES 1,164
- NO 741
This measure sought to create a bond in the amount of $9,715,000 in order to help to construct new facilities and refurbish existing facilities in the school district as well as acquiring new technology.
The question on the ballot:
| ALMA PUBLIC SCHOOLS BONDING PROPOSAL
Shall Alma Public Schools, Gratiot, Montcalm and Isabella Counties, Michigan, borrow the sum of not to exceed Nine Million Seven Hundred Fifteen Thousand Dollars ($9,715,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of: erecting, furnishing and equipping an addition to, and remodeling, re-furnishing and reequipping the high school; acquiring and installing educational technology at the high school; and developing and improving athletic facilities and the site? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2010, under current law, is -0- mills ($0.00 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is seventeen (17) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.66 mills ($1.66 on each $1,000 of taxable valuation). If the school district borrows from the State to pay