Proposal Instance

HTTP 200 OK
Allow: GET
Content-Type: application/json
Vary: Accept

{
    "url": "http://michiganelections.io/api/proposals/8861/?format=api",
    "id": 8861,
    "name": "School District of the City of Lincoln Park School\nImprovement Bond Proposition",
    "description": "Shall the School District of the City of Lincoln Park, County of Wayne, State of\nMichigan, borrow the principal sum of not to exceed Fifty-Eight Million Dollars\n($58,000,000) and issue its general obligation unlimited tax bonds, in one ormore series, to pay the cost of the following projects to create a modernlearning environment for students and for health, safety, security, energyconservation and other purposes:\n\n· Remodeling, equipping, furnishing, reequipping and refurnishing\n school buildings and other facilities;\n· Erecting, completing, equipping and furnishing classroom,\n media center, secure entryway and other additions to school buildings\n and athletic field buildings;\n· Acquiring and installing technology infrastructure and equipment in\n school buildings; and\n· Preparing, developing and improving sites at school buildings\n and other facilities?\n\nThe maximum number of years any series of bonds may be outstanding,exclusive of refunding, is not more than 30 years. The estimated millage thatwill be levied to pay the proposed bonds in the first year is 2.31 mills ($2.31per $1,000 of taxable value) for an estimated total of 7.35 mills for the 2025debt levy and thereafter which is an estimated -0- mill increase over thecurrent debt levy. The estimated simple average annual millage that will berequired to retire the bonds is 3.68 mills annually ($3.68 per $1,000 of taxablevalue).\n\nIf approved by the voters, the repayment of the bonds will be guaranteed bythe State under the School Bond Qualification and Loan Program (the\n“Program”). The School District currently has $55,850,000 of qualified bondsoutstanding and approximately $0 of qualified loans outstanding under the\nProgram. The School District does not expect to borrow from the Program topay debt service on these bonds. The estimated computed millage raterequired to be levied to pay the proposed bonds may change in the futurebased on changes in certain circumstances.\n(Pursuant to State law, expenditure of bond proceeds must be audited, andthe proceeds cannot be used for teacher, administrator or employee salaries,repair or maintenance costs 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/10210/?format=api",
        "id": 10210,
        "category": "Local School District",
        "name": "School District"
    }
}