Camden-Frontier School District Bond Proposal (November 2012)

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A Camden-Frontier School District Bond proposal was on the November 6, 2012 election ballot in Branch and Hillsdale counties, which are in Michigan where it was defeated.

This measure proposed to authorize the Camden-Frontier School District to borrow up to $170,000 and issue general obligation bonds for such a debt. The average property tax to be used to repay this debt is .50 mill ($.50 per each $1,000 of assessed valuation. The bonds may be outstanding for four years. These funds would be used to fund technology and equipment for the District.[1]

Election Results

The following are election results for the measure:

Camden-Frontier School District Bond Proposal
ResultVotesPercentage
Defeatedd No952.94%
Yes 8 47.06%


Results via County of Branch, Unofficial Results for November 6, 2012.

Text of measure

Language on the ballot:

Shall Camden-Frontier School, Hillsdale and Branch Counties, Michigan, borrow the sum of not to exceed One Hundred Seventy Thousand Dollars ($170,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of:

acquiring and installing educational technology and equipping and re-equipping school facilities for educational technology?

The following is for informational purposes only:

The estimated millage that will be levied for the proposed bonds in 2013, is 0.5 mill ($0.50 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is four (4) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 0.50 mill ($0.50 on each $1,000 of taxable valuation).

(Pursuant to State law, expenditure of bond proceeds must be audited, and the proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)[1][2]


See also

References

  1. 1.0 1.1 Branch County Elections, Official Proposals for November 2012
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.



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