Delton Kellogg Schools May 7, 2019 Bond Proposal
Looking to the future of Delton Kellogg Schools, the Board of Education is asking voters to consider a bond proposal on Tuesday, May 7, 2019.
If approved, there would be no expected tax rate increase to property owners, providing phased improvements to Delton Kellogg Schools.
This bond proposal would generate $23,215,000 for district-wide improvements to address identified and ongoing facility and instructional environment needs. The funding would be spent in phases over 10 years to address capital improvements, as a part of the district’s long-term master plan for school buildings and sites.
What is the focus of the bond proposal?
This bond proposal has three key areas of focus:
BUILDING AND SITE IMPROVEMENTS
• Reconstructing the oldest portion of the Elementary School
• Roofing replacements
• Kitchen upgrades at the Elementary School and High School
• Restroom remodeling for ADA-accessibility
• Locker room upgrades at the Middle School and High School
• Providing new instructional devices for students and staff at all schools
• Improving technology infrastructure and expanding wireless service at all schools
• Improved traffic flow, parking lots, and sidewalks
• Transportation improvements would include new buses to replace the aging fleet
• Drainage improvements at baseball field and softball field
• Artificial turf at the football stadium would allow for expanded use of the facility for students and community
What is the taxpayer impact?
If approved by voters, it is projected that the debt tax rate would not increase over the district’s current debt tax rate.
Delton Kellogg Schools currently levies the lowest debt tax rate compared to area Districts. If approved by voters, Delton Kellogg Schools would still remain the lowest debt tax rate in the area.
Where can I find additional information?
Additional information will be provided at informational community forums. Community forums are scheduled: March 14 at 6:00 p.m. at the Middle School Conference Room and April 11 at 6:00 p.m. at the Elementary School Media Center.
If you have further questions, contact Kyle Corlett, Superintendent, at (269) 623-1505 or by email at email@example.com
What is a bond proposal and how can funds from a bond be spent?
A bond proposal is how a public school district asks its community for authorization to borrow money for capital expenditures by selling bonds.
Voter-approved bond funds can be spent on new construction, additions, remodeling, site improvements, athletic facilities, playgrounds, buses, furnishings, equipment, and technology. Funds raised through the sale of bonds cannot be used on operational expenses such as employee salaries and benefits, school supplies, and textbooks.
Bond funds must be kept separate from operating funds and must be audited by an independent auditing firm.
Vote Date: Tuesday, May 7, 2019 from 7:00 AM to 8:00 PM
Voter Registration Deadline: Monday, April 8, 2019
Absentee Voting: Contact your precinct; ballots available by March 23, 2019
Poll Locations: Registered voters may cast a ballot at the polling location established by their city/township
Shall Delton Kellogg Schools, Barry and Allegan Counties, Michigan, borrow the sum of not to exceed Twenty-Three Million Two Hundred Fifteen Thousand Dollars ($23,215,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of: erecting, furnishing, and equipping an addition to the elementary school and administration building; remodeling, furnishing and refurnishing, and equipping and re-equipping existing school buildings; purchasing school buses; acquiring and installing instructional technology in school buildings; preparing, developing, equipping, and improving playgrounds, athletic fields, and sites?
The following is for informational purposes only:
The estimated millage that will be levied for the proposed bonds in 2019 is 1.58 mills ($1.58 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 of any series may be outstanding, exclusive of any refunding, is twenty-five (25) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 2.16 mills ($2.16 on each $1,000 of taxable valuation).
The school district does not expect to borrow from the State to pay debt service on the bonds. The total amount of qualified bonds currently outstanding is $12,430,000. The total amount of qualified loans currently outstanding is $-0-. The estimated computed millage rate may change based on changes in certain circumstances.
(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.)
This informational material is paid for by Delton Kellogg Schools, 327 N. Grove St., Delton, MI 49046