Proposal Instance

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{
    "url": "http://michiganelections.io/api/proposals/8794/?format=api",
    "id": 8794,
    "name": "Oscoda Area Schools Bond Proposal",
    "description": "Shall Oscoda Area Schools, Iosco and Alcona Counties, Michigan, borrow the sum of not to exceed Twenty Million Eight Hundred Thousand Dollars ($20,800,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of:\n\nerecting, furnishing, and equipping a new community center building; remodeling, furnishing and refurnishing, and equipping and re-equipping the auditorium and existing school buildings; erecting an addition to an athletic support building; acquiring and installing instructional technology and instructional technology equipment for school buildings; purchasing school buses; and developing, equipping, and improving playgrounds, an athletic field and an athletic facility, parking areas and sites?\n\nThe following is for informational purposes only:\n\nThe estimated millage that will be levied for the proposed bonds in 2024 is 0.25 mill ($0.25 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-seven (27) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.21 mills ($1.21 on each $1,000 of taxable valuation).\n\nThe 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 $1,780,000. 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.)",
    "reference_url": null,
    "election": {
        "url": "http://michiganelections.io/api/elections/56/?format=api",
        "id": 56,
        "name": "May Consolidated",
        "date": "2024-05-07",
        "date_humanized": "Tuesday, May 7th",
        "active": true,
        "proposals_count": 107,
        "positions_count": 19,
        "reference_url": null
    },
    "district": {
        "url": "http://michiganelections.io/api/districts/1705/?format=api",
        "id": 1705,
        "category": "Local School District",
        "name": "Oscoda Area Schools"
    }
}