Lake Orion Schools Reduces Debt Millage Rate
(LOCS, July 15, 2026)
Lake Orion, MI – Lake Orion Community Schools is proud to announce a reduction in the district’s debt millage rate from 7.491 mills to 7.000 mills, reflecting the district’s commitment to fiscal responsibility and stewardship of taxpayer resources. The reduction was approved as a measure designed to provide meaningful tax relief to community members.
In September 2025, the district paid off the remaining $480,166.34 in School Bond Loan Fund Revolving debt, allowing the district to drop the rate to 7.000 mills. To participate in the School Bond Loan program, it is a requirement to maintain a debt millage of no less than 7.000 mills. This still allows the district to pay off existing debt based on current repayment schedules.
“This decision reflects our commitment to being responsible stewards of public funds,” said LOCS Superintendent Heidi Mercer. “We hear and recognize the financial pressures many families and taxpayers face, and we wanted to take action where we could. By reducing the debt millage rate, we are returning dollars to our residents while continuing to invest in our district.”
The millage reduction demonstrates the district’s strong financial position and careful long-term planning.
For taxpayers, the reduction means a lower debt millage rate and decreased tax obligation compared to the previous levy. For example, a homeowner with a taxable value of $200,000 will save approximately $98 per year as a result of the 0.491-mill reduction.
Lake Orion Community Schools remains focused on its mission of empowering the Dragon community to achieve excellence while ensuring that every financial decision supports student success. Learn more about Lake Orion Community Schools at www.lakeorionschools.org
