Traverse City Area Public School District Bond Proposal (November 2012)

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A Traverse City Area Public School District Bond proposal was on the November 6, 2012 election ballot in Grand Traverse County, which is in Michigan, where it was approved.[1]

Election results

Traverse City APSD Bond Prop.
Defeatedd No2275258.12%
Yes 16396 41.88%

Results via Grand Traverse County, General Elections November 6, 2012 Election Results Official Summary

Text of measure

Language on the ballot:

Shall Traverse City Area Public Schools, Grand Traverse, Leelanau and Benzie Counties, Michigan, borrow the sum of not to exceed One Hundred Million Dollars ($100,000,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of:

erecting, furnishing and equipping an addition or additions to and/or remodeling, furnishing and refurnishing, equipping and re-equipping existing school facilities; erecting, furnishing and equipping elementary and secondary facilities; acquiring land; developing and equipping improvements to playgrounds, outdoor physical education and athletic facilities; acquiring, installing, equipping and re-equipping school facilities for educational technology improvements; purchasing buses; and developing and improving sites?

The following is for information purposes only:

It is anticipated that the bonds will be issued in series. The estimated millage that will be levied for the first series of bonds in 2013 will be .45 mill ($0.45 on each $1,000 of taxable valuation). The maximum number of years each series of bonds may be outstanding, exclusive of any refunding, will not exceed twenty (20) years from the issuance date of each series. The estimated simple average annual millage anticipated to be required to retire the total series of this bond proposal is 1.12 mills ($1.12 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/benefits, or other operating expenses.)[1][2]

See also

External links


  1. 1.0 1.1 SOS Public Ballot Veiwer, Grand Traverse County, 2012 General Election Samle Ballots
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.