Proposal Instance

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{
    "url": "http://michiganelections.io/api/proposals/8835/?format=api",
    "id": 8835,
    "name": "Holt Public Schools Bond Proposal",
    "description": "Shall Holt Public Schools, Ingham and Eaton Counties, Michigan, borrow the sum of not to exceed Twenty-Two Million Dollars ($22,000,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of:\n\n- acquiring, installing, equipping and re-equipping the high school for instructional technology\n- erecting, furnishing and equipping classroom additions to the middle school\n- remodeling, furnishing and refurnishing and equipping and re-equipping school buildings\n- replacing roofing and heating, ventilation and air conditioning systems in school buildings\n- purchasing school buses; and\n- preparing, developing and improving athletic fields and sites?\n\nThe following is for informational purposes only:\n\nThe estimated millage that will be levied for the proposed bonds in 2027 is .92 mill ($0.92 on each $1,000 of taxable valuation). The maximum number of years the bonds 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 .79 mill ($0.79 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 $71,900,000. 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/2221/?format=api",
        "id": 2221,
        "category": "Local School District",
        "name": "Holt Public Schools"
    }
}