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Community Meetings will be held for any community member to come and learn more about the bond, take a tour and submit questions. These meetings will be held on June 30th and July 21st at 5:30 p.m. in the Jr./Sr. High Auditorium.

VOTING INFORMATION

  • Vote Date: Tuesday, August 3, 2021, from 7:00 a.m. to 8:00 p.m.
  • Absentee Voting: Absentee Ballots are available June 19 at your local Township Clerk’s Office.

For information specific to the Jr./Sr. High School or Elementary School, click on the buttons below. For general information, keep scrolling or click on the 'District' button below:

KEY FINANCIAL POINTS 


   If approved by voters, it is projected that the debt tax rate would increase by 3.85 mills over the 2020 debt levy. This equals approximately an additional $3.71 per week for a home with a taxable value of $50,000, which equates to spending $0.29 (twenty-nine cents) for each student in the District per year. Our current debt levy is lower than surrounding area districts (per graph below).
Cost Analysis of the Bond


WHY NOW?

  • Proposed 3.85 mill increase, with 0.35 mill falling off this year (bringing total debt to 7.2 mills, if approved) will address major projects and renovation needs at each of the buildings, including updating a ~45 year old building and furnishings.
  • New wind turbines and a substation installed in the district currently have a high taxable value which would be subject to the proposed debt levy. This value is expected to be reduced significantly in coming years, which would lower revenue available to pay the debt. Earlier levy of the debt millage maximizes the taxable revenue from these properties.
  • The bonds are expected to be qualified for participation in the State School Bond Loan Fund (SBLF) Program allowing the district to borrow with an enhanced credit rating, lowering the cost of borrowing. The program requires the district to be levying at least 7 mills.

HIGHLIGHTS OF THE PROPOSED BONDRight sizing, Efficiencies, Building/Site Improvements

JUNIOR/SENIOR HIGH REMODEL & ADDITION:

• Renovate and update all classrooms
• Update classroom and media center furniture
 New, more spacious auditorium • Addition of facilities to support CareerTechnical Education (CTE) programs, accessible to Coleman and surrounding county students through renovation of existing auditorium/band space
• Addition for band and choral rooms
• Renovate gym and locker rooms
• New auxiliary gym and weight room
• Site improvements

ELEMENTARY REMODEL & ADDITION:

• Renovate to create fully functioning kitchen, update cafeteria and bathroom areas and new gym floor
• Update cafeteria, media center, and teacher station furniture
• Renovate to create fully functioning kitchen, update cafeteria and bathroom areas and new gym floor
• Update cafeteria, media center, and teacher station furniture


Tax Calculator

 Michigan Homestead Property Tax Credit – Households that pay homestead property taxes greater than 3.2% of their annual income may be eligible for Michigan’s Homestead Property Tax Credit. Eligible households may deduct up to 60% (up to 100% for senior citizens, please see the senior credit table below) of the millage increase cost up to a $1,500 Homestead Tax Credit limit. The eligibility for the credit begins to decrease after household income exceeds $51,001 and ends completely after the household income exceeds $60,001. Please see below the general reduction table and senior credit table below:

Michigan Homestead Property Tax Credit – Households that pay homestead property taxes greater than 3.2% of their annual income may be eligible for Michigan’s Homestead Property Tax Credit. Eligible households may deduct up to 60% (up to 100% for senior citizens, please see the senior credit table below) of the millage increase cost up to a $1,500 Homestead Tax Credit limit. The eligibility for the credit begins to decrease after household income exceeds $51,001 and ends completely after the household income exceeds $60,001. Please see below the general reduction table and senior credit table below:

Growing for the Future as a Preferred School!