Manistee School District Bond Measure (August 2011)
This measure seeks to issue a bond in the amount of $14 million in order to help pay for upgrading technology in current school buildings and upgrade and renovate the school athletic fields as well as buying new school buses and remodeling current facilities as needed.
The school board had approved a budget for the following school year before they were told how much state funding would be cut. This bond would help pay for those changes that the board already had approved but were unable to get enough funding for from the state. The proposed bond would increase local taxes by a rate of 1.62 mills. The board had originally thought to have a larger bond but managed to reduce the projects and now hope the smaller increase will be able to get approval from voters.
Text of measure
The question on the ballot:
| Manistee Area Public Schools is asking voters to approve issuing $14 million in bonds to build, remodel, furnish and equip school facilities — including technology purchases and installation — and improve playgrounds and other school grounds and buy buses.
The bonds would be repaid over 25 years with an increase in taxes of 1.62 mills in 2011 and an average of 1.65 mills during the debt repayment period.
The 1.62-mill tax rate would cost an extra $81 a year for someone who owns a $100,000 home that has a taxable value of $50,000.
- Michigan Department of Treasury, Bond Issues List
- Ludington Daily News, "MAPS millage issue on ballot Aug. 2," July 27, 2011
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.