March 10 Primary: Farmington Public School District Millage

March 10 Primary: Farmington Public School District Millage

(2020 Election)

Farmington, MI- Voters in the Farmington School District are being asked on the March 10, 2020 Primary Ballot to approve a millage.  Here is the ballot language:

Shall the Farmington Public School District, County of Oakland, Michigan, borrow the principal sum of not to exceed Ninety-Eight Million Dollars ($98,000,000) and issue its general obligation unlimited tax bonds for the purpose of defraying the cost of making the following improvements:-remodeling School District buildings for safety and security improvements;-constructing additions to, equipping, furnishing, reequipping, refurnishing and remodeling School District buildings, including classroom, auditorium, roofing and climate control improvements;-improving and developing sites, including outdoor athletic facilities, playgrounds and structures in the School District;-acquiring school buses; and-acquiring and installing technology infrastructure and equipment?

The debt millage required to retire all bonds of the School District currently outstanding and proposed pursuant to this Bond Proposal, if approved, is estimated to be at or below 3.20 mills, which is .10 mill less than the 2019 levy. The estimated millage to be levied in 2020 to service this issue of bonds is .90 mill ($ .90 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds of this issue is 1.12 mill ($1.12 per $1,000 of taxable value). The bonds may be issued in multiple series, payable in the case of each series in not to exceed 20 years from the date of issue of such series.

(Under state law, bond proceeds may not be used to pay teacher or administrator salaries, routine maintenance costs or other School District operating expenses.)

2020 Election Resources:

Oakland County Times 2020 Election Section

Oakland County Clerk

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