Ithaca School District Bond Measure (August 2010)
This measure was approved
- YES 734
- NO 422
This measure sought to create a bond in the amount of $3,480,000 in order to help with remodeling existing facilities in the school district as well as acquiring new technology and roof replacement as needed.
The question on the ballot:
| ITHACA PUBLIC SCHOOLS BONDING PROPOSAL
Shall Ithaca Public Schools, Gratiot and Montcalm Counties, Michigan, borrow the sum of not to exceed Three Million Four Hundred Eighty Thousand Dollars ($3,480,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of: partially remodeling, furnishing and refurnishing, equipping and re-equipping school facilities, in part, for energy conservation improvements and roof replacement; and acquiring, installing and equipping educational technology for the junior/senior high school? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2010, under current law, is 1.25 mills ($1.25 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is eleven (11) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.70 mills ($1.70 on each $1,000 of taxable valuation).