March 10 Primary: Pontiac Schools Millages

March 10 Primary: Pontiac Schools Millages

(2020 Election)

Pontiac, Auburn Hills, Lake Angelus, Sylvan Lake, Bloomfield Twp, Orion Twp, Waterford Twp and West Bloomfield Twp, MI- Voters in the Pontiac School District are being asked on the March 10, 2020 Primary Ballot to approve two millages.

Here is the ballot language for both proposals:

Shall the School District of the City of Pontiac, County of Oakland, State of Michigan, borrow the sum of not to exceed One Hundred Forty-Seven Million Dollars ($147,000,000) and issue its general obligation unlimited tax bonds, in one or more series, for the purpose of paying for the cost of the following projects:-Remodeling, equipping, re-equipping, furnishing, re-furnishing school buildings, athletic fields, playgrounds and other facilities for safety and security, heating, ventilation and cooling improvements and other purposes;

-Erecting security entrances, classroom additions and other additions to existing school buildings and other facilities;

-Acquiring and installing instructional technology infrastructure and equipment in school buildings and other facilities; and

-Preparing, developing and improving sites at school buildings, playgrounds, athletic fields and other facilities for traffic control, safety and security and other purposes?

The maximum number of years any series of bonds may be outstanding, exclusive of refunding, is not more than thirty (30) years; the estimated millage that will be levied to pay the proposed bonds in the first year is 2.0 mills (which is equal to $2.00 per $1,000 of taxable value); and the estimated simple average annual millage that will be required to retire each series of bonds is 2.0 mills annually ($2.00 per $1,000 of taxable value). If approved by the voters, the bonds will be guaranteed by the State under the School Bond Qualification and Loan Program (the “Program”). The School District currently has $0 of qualified bonds outstanding and $0 of qualified loans outstanding under the Program. The School District does not expect to borrow from the Program to pay debt service on these bonds. The estimated computed millage rate required to be levied to pay the proposed bonds may change in the future based on changes in certain circumstances.(Pursuant to State law, expenditure of bond proceeds must be audited, and the proceeds cannot be used for teacher, administrator or employee salaries, repair or maintenance costs or other operating expenses.)

Building and Site Sinking Fund Tax Renewal Proposal County of Oakland, Michigan

This proposal, if approved by the electors, will renew the authority last approved by the electors in 2016 and which expires with the 2020 levy, for the School District to levy a building and site sinking fund tax at the reduced rate of 0.80 mills from the previously authorized rate of 2.87 mills. This proposal allows the use of proceeds of the millage for the construction or repair of school buildings. Pursuant to State law, the expenditure of the building and site sinking fund millage proceeds must be audited, and the proceeds cannot be used for teacher, administrator or employee salaries, maintenance or other operating expenses.

Shall the limitation on the total amount of taxes which may be assessed against all property in School District of the City of Pontiac, County of Oakland, Michigan, be renewed in the amount of 0.80 mills ($0.80 per $1,000 of taxable valuation), for a period of five (5) years, being the years 2021 to 2025, inclusive, to create a building and site sinking fund to be used for the construction or repair of school buildings or for other purposes, to the extent permitted by law? This millage would provide estimated revenues to the School District of approximately Two Million One Hundred Forty Thousand ($2,140,000) Dollars during the 2021 calendar year, if approved and levied.

2020 Election Resources:

Oakland County Times 2020 Election Section

Oakland County Clerk

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