Crawford-AuSable School District Bonding Proposal (May 2013)

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A Crawford-AuSable School District Bonding proposal was approved on the May 7, 2013, election ballot in Crawford, Otsego and Kalkaska Counties, which are in Michigan.

This measure authorized the Crawford-AuSable School District to increase its debt by $825,000 through issuing general obligation bonds in that amount in order to fund technology improvements in the district and purchasing school buses. The estimated average property tax levy needed to repay this debt in the required 6 years is 0.40 mill ($0.40 per $1,000 of assessed valuation).[1]

Election results

Crawford County

Crawford-AuSable School Bonding Proposal
ResultVotesPercentage
Approveda Yes 670 64.49%
No36935.51%
These results are from Crawford County Elections Office

Text of measure

Language on the ballot:

Shall Crawford AuSable School District, Crawford, Otsego and Kalkaska Counties, Michigan, borrow the sum of not to exceed Eight Hundred Twenty-Five Thousand Dollars ($825,000 ) and issue its general obligation unlimited tax bond therefore, for the purpose of acquiring, installing and equipping educational technology for school facilities; and purchasing school buses?


The following is for informational purposes only:

The estimated millage that will be levied for the proposed bonds in 2014, is .07 mill ($0.07 on each $1,000 of taxable valuation) for a -0- net increase in debt millage. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is six (6) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is .40 mill ($0.40 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

External links

References

  1. 1.0 1.1 Michigan SoS Public Ballot Search
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.