Mar Lee School District Bond Measure (May 2011)
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A Mar Lee School District Bond Measure measure was on the May 3, 2011 ballot in the Mar Lee school district area which is in Calhoun County.
This measure was approved
- YES 86
- NO 39[1]
This measure sought to create a bond in the amount of $155,000 in order to help purchase new school buses for the district as well as implement a levy of $.47 per$1,000 of assessed property value for seven years.[2]
text of measure
The question on the ballot:
| Shall Mar Lee School District, Calhoun County, Michigan, borrow the sum of not to exceed One Hundred Fifty-Five Thousand Dollars ($155,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of purchasing school buses? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2011, is 0.47 mill ($0.47 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is seven (7) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 0.5 mill ($0.50 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.)[3][4] |
Footnotes
- ↑ Calhoun County Elections, May Election Results
- ↑ Calhoun County Clerk, May Issues List (dead link)
- ↑ Calhoun County Elections, Current Election Proposals
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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