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Bangor School District Bond Measure (November 2011)

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A Bangor School District Bond Measure was on the November 8, 2011 ballot in the Bangor school district area which is in Van Buren County.

This measure was defeated

  • YES 359
  • NO 421 Defeatedd[1]

This measure sought to issue a bond in the amount of $8.4 million in order to pay for upgrading technology, developing athletic facilities and improving school sites as needed in the district.[2]

Text of measure

The question on the ballot:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

Shall Bangor Public Schools, Van Buren County, Michigan, borrow the sum of not to exceed Eight Million Four Hundred Eighty Thousand Dollars ($8,480,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of: partially remodeling, furnishing and refurnishing, equipping and re-equipping school facilities; acquiring, installing and equipping technology for school facilities; constructing, equipping, developing and improving athletic facilities; and developing and improving sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2012 is 2.90 mills ($2.90 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-five (25) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 2.88 mills ($2.88 on each $1,000 of taxable valuation). If the school district borrows from the State to pay debt service on the bonds, the school district may be required to continue to levy mills beyond the term of the bonds to repay the State.

References