Houghton County
$4.49 million bond proposal for the Ewen-Trout Creek Consolidated School District to remodel, equip and re-equip school buildings, in part with energy conservation improvements, and purchase school buses.
[The estimated millage that will be levied for the proposed bonds in 2016 is 1.70 mills ($1.70 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is fifteen (15) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 3.59 mills ($3.59 on each $1,000 of taxable valuation).
The school district does not expect to borrow from the State to pay debt service on the bonds. The total amount of qualified bonds currently outstanding is $4,100,000. The total amount of qualified loans currently outstanding is $-0-. The estimated computed millage rate may change based on changes in certain circumstances.]
Yes: 348
No: 333
Elm River Township: 18 mills over 5 years for school operations.
Yes: 39
No: 7
Stanton Township: $3.41 million bond proposal for constructing an addition to the E.B. Holman School; partially remodeling, furnishing and refurnishing, and equipping and re-equipping the E.B. Holman School; acquiring, installing and equipping the E.B. Holman School for instructional technology; and developing and improving the site.
[The estimated millage that will be levied for the proposed bonds in 2016 is 4 mills ($4.00 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-seven (27) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 3.22 mills ($3.22 on each $1,000 of taxable valuation).
The school district does not expect to borrow from the State to pay debt service on the bonds. The total amount of qualified bonds currently outstanding is $-0-. The total amount of qualified loans currently outstanding is $-0-. The estimated computed millage rate may change based on changes in certain circumstances.]
Yes: 239
No: 189
