Wyoming Public Schools Bond Proposal
Shall Wyoming Public Schools, Kent County, Michigan, borrow the sum of not to exceed Twenty-Nine Million Seven Hundred Fifty Thousand Dollars ($29,750,000) and issue its general obligation unlimited tax bonds therefor for the purpose of: erecting and remodeling school buildings, facilities and additions to school buildings and facilities; equipping, re-equipping, furnishing and refurnishing school buildings and facilities; and preparing, developing, improving and equipping athletic fields, play fields, playgrounds, structures, facilities and sites?The following is for informational purposes only:The estimated millage that will be levied for the proposed bonds in 2026 is 1.17 mills ($1.17 on each $1,000 of taxable valuation) for a .15 mill net decrease from the prior year’s levy. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-six (26) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.17 mills ($1.17 on each $1,000 of taxable valuation).(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.)
