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South Haven School District Bond Measure (May 2011)

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A South Haven School District Bond Measure was on the May 3, 2011 ballot in the South Haven school district area which is in Van Buren County.

This measure was defeated

  • YES 1109
  • NO 1861 Defeatedd[1]

This measure sought to issue a bond in the amount of $47.5 million in order to help pay for equipping and furnishing the high school, updating technology at the schools as well as improving facility sites including athletic fields.[2]

Text of measure

The question on the ballot:

Shall South Haven Public Schools, Van Buren and Allegan Counties, Michigan, borrow the sum of not to exceed Forty-Seven Million Five Hundred Thousand Dollars ($47,500,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of: erecting, furnishing and equipping additions to and partially remodeling, furnishing and refurnishing, equipping and re-equipping L.C. Mohr High School; acquiring, installing and equipping educational technology for the high school; constructing, equipping, developing and improving athletic/physical education facilities and playfields; and developing and improving sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2011, under current law, is 3.32 mills ($3.32 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 3.66 mills ($3.66 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. (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.)[3]

References

  1. Van Buren County Elections, May Election Results
  2. Michigan Treasury Department, 2011 School Bond Elections
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.