Unionville-Sebewaing Area School District Bond Proposal (February 2013)

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A Unionville-Sebewaing Area School District Bond proposal was approved on the February 26, 2013 election ballot in Tuscola and Huron Counties, which are in Michigan.

This measure authorized the Unionville-Sebewaing School District to increase its debt by $5.85 through issuing general obligation bonds in that amount for the purposes of:

Partially remodeling, furnishing and refurnishing, equipping and re-equipping school facilities; acquiring, installing and equipping educational technology for school facilities; purchasing school buses, constructing and equipping a new running track; and developing and improving sites.[1][2]

Election results

Huron County

Unionville-Sebewaing Area SD Bond Prop.
ResultVotesPercentage
Approveda Yes 317 64.96%
No17135.04%

Election results from Huron County February 26, 2013 election results.

Text of measure

Language on the ballot:

Shall Owendale-Gagetown Area School District, Huron and Tuscola Counties, Michigan, borrow the sum of not to exceed Two Million Nine Hundred Ninety Thousand Dollars ($2,990,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: remodeling, furnishing and refurnishing, equipping and re-equipping the K-12 school building; acquiring and installing educational technology equipment together with related infrastructure improvements; purchasing a school bus; and developing and improving the site?

The following is for informational purposes only:
The estimated millage that will be levied for the proposed bonds in 2013, under current law, is 2.95 mills ($2.95 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 2.58 mills ($2.58 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.)

YES

NO[3][2]

See also

External links

References

  1. Michigan STATE QUALIFIED SCHOOL BOND ELECTION RESULTS
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
  3. Tuscola County, Elmwood Township February 26, 2013 Sample Ballot