Measure on the ballot in the 2025 Michigan General Election in Byron Center Public Schools.
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Get StartedThe following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2026, under current law, is 0 mills ($0.00 on each $1,000 of taxable valuation), for a 0 mills net increase over the prior year's levy. The maximum number of years the bonds of any series may be outstanding, exclusive of any refunding, is thirty (30) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.77 mills ($1.77 on each $1,000 of taxable valuation). The school district expects to borrow from the State School Bond Qualification and Loan Program to pay debt service on these bonds. The estimated total principal amount of that borrowing is $2,875,759 and the estimated total interest to be paid thereon is $6,123,753. The estimated duration of the millage levy associated with that borrowing is nine (9) years and the estimated computed millage rate for such levy is 7 mills. The estimated computed millage rate may change based on changes in certain circumstances. The total amount of qualified bonds currently outstanding is $146,235,000. The total amount of qualified loans currently outstanding is approximately $18,639,655. (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.)
Shall Byron Center Public Schools, Kent and Allegan Counties, Michigan, borrow the sum of not to exceed One Hundred Ten Million Dollars ($110,000,000) and issue its general obligation unlimited tax bonds therefore, in one or more series, for the purpose of: erecting, furnishing, and equipping additions to school facilities; partially remodeling, furnishing and refurnishing, and equipping and re-equipping school facilities; acquiring and installing instructional technology and instructional technology equipment for school facilities; erecting, furnishing, and equipping a bus garage facility; purchasing school buses; acquiring sites; erecting, preparing, developing, improving, furnishing, and equipping athletic facilities and fields; and preparing, developing, and improving a playground and sites?
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