VOTE411 Voter Guide

Kaleva-Norman-Dickson School District ProposalKaleva-Norman-Dickson School Diostrict Bond ProposalShall Kaleva Norman Dickson School District, Manistee, Lake and Mason Counties Michigan, borrow the sum of not to exceed Nine Million Five Hundred Thousand dollars ($9,500,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of:erecting, furnishing, and equipping an early childhood school building and facilities, remodeling, furnishing, and equipping and re-equipping school buildings and facilities, acquiring and installing instructional technology in school buildings; purchasing school buses; preparing, developing, improving, erecting, and equipping athletic fields and facilities, playgrounds, structures, and sites?The following is for informational purposes onlyThe estimated millage that will be levied for the proposed bonds in 2026 is 1.40 mills ($1.40 on each $1,000 of taxable valuation) for a -0-mill net increase over the prior year s levy. The maximum number of years the bonds may be outstanding, exclusive of any refunding is ten (10) years. the estimated simple average annual millage anticipated to be requred to retire this bond debt is 3.18 mills ($3.18 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.)