In November Hancock Public Schools will ask voters to consider a 13 million bond referendum. The ballot measure would continue the district’s existing bond millage rate taxpayers already pay.
When we added the middle school in the late 2000s, those bond initiatives were in essence refinanced on two different occasions. And so, through that refinancing, we were able to structure it appropriately, maintain our positive bond return as far as paying back on that debt. And so, as we’ve had our millage our debt millage drop over the last several years through the refinancing of those two bonds in particular. We’ve been able to basically to find a, and finding a technical way of saying this is hard, but in essence we have equity built up based on our debt millage. – Chris Salani, Superintendent, Hancock Public Schools
Hancock Public Schools Superintendent Chris Salani says the bond will support key infrastructure projects at Barkell Elementary and at the Middle school/ High school campus.
So in the last 25 years, efficiencies and technologies have come a long way in supporting operations within large square foot plants like we have. So between the HVAC systems and then lighting. Lighting is always a big piece of efficiencies now. So changing over, again, what we’ll say are aging ballast systems within our electrical and lighting grid. And then also the next part of that piece then becomes our infrastructure, our brick and mortar component to this, which is the next category. – Chris Salani, Superintendent, Hancock Public Schools
Next week Hancock public schools will host an open house for residents, alumni, and parents to learn more about the referendum bond.
But in the long run, it’s in the hope that it will take care of these critical needs so that if we have something that becomes catastrophic, now we’re not having to deal with perhaps again going back out to the tax base and adding additional costs. And so that’s the important side of the master planning and looking at how and when the timing may be appropriate. And just coming off what I refer to as a smaller bond here back in 2022 without increasing significantly that tax obligation. This is now that time for us to say, okay, we feel this is important. – Chris Salani, Superintendent, Hancock Public Schools
Learn more about Hancock Publlic school referendum bond online. Join Superintendent Chris Salani and the school board at the open house on October 9th at 6 pm In the Slyvia J Eskola Auditorium.
Learn more about the Hancock Public Schools bond referendum online here.
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