VOTE411 Voter Guide

Shall Ishpeming Public School District No. 1, Marquette County, Michigan, borrow the sum ofnot to exceed Three Million Seven Hundred Thousand Dollars ($3,700,000) and issue its generalobligation unlimited tax bonds therefor for the purpose of:erecting, furnishing, and equipping athletic structures and a storage addition; remodeling,furnishing and refurnishing, and equipping and re-equipping school buildings; and preparing,developing, and improving athletic facilities and sites?The following is for informational purposes only:The estimated millage that will be levied for the purposed bonds in 2026 is 1.20 mills ($1.20 oneach $1,000 of taxable valuation) for a 0.00 mill net increase over the prior year’s levy. Themaximum number of years the bonds may be outstanding, exclusive of any refunding, is fifteen(15) years. The estimated simple average annual millage anticipated to be required to retire thisbond debt is 1.73 mills ($1.73 on each $1,000 of taxable valuation).(Pursuant to State law, expenditure of bond proceeds must be audited and the proceeds cannot beused for repair or maintenance costs, teacher, administrator or employee salaries, or otheroperating expenses.)