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Tuesday is Election Day and there are a few ballot proposals Copper Country residents will want to vote on.
Those in the Stanton Township Public Schools District will decide the fate of the $3.4 million bond proposal to renovate the E. B. Holman School. This would result in an average of 3.44 mills for residents.
Elm River Township Schools in Houghton County has an Operating Millage on their ballot for 18 mills for the costs of running the school district.
Those in the Ewen-Trout Creek Consolidated School District will vote on a $4.4 million dollar Bond Proposal for the purpose of remodeling and re-equipping school buildings in part with energy conservation improvements and the purchasing of school buses. This would result in an increase of 1.7 mills.
This proposal is on the ballot in Houghton County’s Duncan Township and Ontonagon County’s Bergland, Haight, Interior, Matchwood, McMillan, and Stannard Townships.
The State of Michigan’s ballot website did not list any items up for a vote in Baraga or Keweenaw Counties.
Here are the ballot details:
Ballot Proposals for Tuesday, November 3rd
Houghton County
Stanton Township
BONDING PROPOSAL
Shall Stanton Township Public Schools, Houghton County, Michigan, borrow the sum of not to exceed Three Million Four Hundred Ten Thousand Dollars ($3,410,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of:
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 following is for informational purposes only:
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.
(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.)
Elm River Township
OPERATING MILLAGE PROPOSAL
This proposal will allow the school district to levy the statutory rate of 18 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its revenue per pupil foundation allowance.
Shall the limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Elm River Township Schools, Houghton County, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 5 years, 2016 to 2020, inclusive, to provide funds for operating purposes (17.9586 mills of the above is a renewal of millage which will expire with the 2015 tax levy and .0414 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963); the estimate of the revenue the school district will collect if the millage is approved and levied in 2016 is approximately $268,512?
Duncan Township
EWEN-TROUT CREEK CONSOLIDATED SCHOOL DISTRICT
BONDING PROPOSAL
Shall Ewen-Trout Creek Consolidated School District, Ontonagon and Houghton Counties, Michigan, borrow the sum of not to exceed Four Million Four Hundred Ninety Thousand Dollars ($4,490,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of: remodeling, equipping and re-equipping school buildings, in part with energy conservation improvements, and purchasing school buses?
The following is for informational purposes only:
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.
(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.)
Ontonagon County
Bergland Township & Haight Township & Interior Township & Matchwood Township & McMillan Township & Stannard Township
EWEN-TROUT CREEK CONSOLIDATED SCHOOL DISTRICT
BONDING PROPOSAL
Shall Ewen-Trout Creek Consolidated School District, Ontonagon and Houghton Counties, Michigan, borrow the sum of not to exceed Four Million Four Hundred Ninety Thousand Dollars ($4,490,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of: remodeling, equipping and re-equipping school buildings, in part with energy conservation improvements, and purchasing school buses?
The following is for informational purposes only:
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.
(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.)
No listed ballot proposals for Baraga or Keweenaw Counties.
