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HARTLAND, Mich. - Hartland Consolidated Schools will put a $27.8 million bond proposal before district voters next February, pending approval from the Michigan Department of Treasury, according to the Livingston County Daily Press & Argus.
If the bond issue is approved by voters, district residents would continue to pay an existing 7.6-mill property tax for an additional four to five years, the Press & Argus reported. The district currently is paying off seven existing school bond issues, the report said. The new sunset date on all the projects would be 2034.
Officials said the proposal would allow the district to use bond money to improve facilities and for buses, while reserving general fund money for educational programs, the Press & Argus reported.
Superintendent Janet Sifferman said that the general fund would be affected if the state reduced education funding or if student enrollment decreases, according to the Press & Argus.
SOURCE:
Livingston County Daily Press & Argus, "Schools move ahead with $27.8M bond issue," Sept. 28, 2009
FURTHER READING:
Mackinac Center for Public Policy, "A Michigan School Money Primer: Revenue Sources," May 30, 2007
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