Bond Information

Looking to the future of Elk Rapids Schools, the Board of Education is asking the community to consider a bond proposal on Tuesday, November 3, 2020, for district-wide improvements to address identified and ongoing building, facility and site issues. 

Bond Proposal Ballot Language

 

ELK RAPIDS SCHOOLS                                                          BONDING PROPOSAL

Shall Elk Rapids Schools, Antrim, Grand Traverse and Kalkaska Counties, Michigan, borrow the sum of not to exceed Forty-Nine Million Nine Hundred Ninety-Five Thousand Dollars ($49,995,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of:

erecting, furnishing and equipping additions to school buildings; remodeling, equipping and re-equipping and furnishing and refurnishing school buildings; acquiring, installing, equipping or re-equipping school buildings for instructional technology; and erecting, preparing, developing, improving and equipping playgrounds, athletic facilities, structures and sites?

The following is for informational purposes only:

The estimated millage that will be levied for the proposed bonds in 2021 is 1.63 mills ($1.63 on each $1,000 of taxable valuation). 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 1.55 mills ($1.55 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 $0. 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.)

Property Tax Calculator

 

Use the following link to see how much the November 3rd Proposed Bond would affect  your tax bill.

https://www.pfmtaxcalc.com/ElkRapidsSchools/default.aspx

Are You Registered To Vote?

To register to vote:

       Register online at https://mvic.sos.state.mi.us/Clerk
       OR register at your local Township Clerk’s office

Forms are available for download here for your convenience:

       PDF DocumentMI Voter Registration
       PDF DocumentMI Absentee Ballot Application

Did you know that anyone can vote by absentee ballot for any reason.  Use this as a convenient option to participate.

Would You Like To Vote Via Abesentee?

To vote via Absentee Ballot:

       Complete the form online at  https://mvic.sos.state.mi.us/Clerk, print
       it and take it to your Township Clerk

       Applications must be received by your Township Clerk no later
       than the Friday before the election

    

Do You Have Additional Questions?

Please email bondquestions@erschools.com for more information.

 

Please check out a short video about our bond proposal

 

Play Video

 

 

Click below for an overview with diagrams of proposed improvements at each school

 

Elk Rapids Bond Diagrams