Proposal Instance

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{
    "url": "http://michiganelections.io/api/proposals/8882/?format=api",
    "id": 8882,
    "name": "Flushing Community Schools School Improvement Bond Proposition",
    "description": "Shall the Flushing Community Schools, County of Genesee, State of Michigan, borrow the sum of not to exceed Twenty-Three Million Five Hundred Fifty Thousand ($23,550,000) Dollars and issue its general obligation unlimited tax bonds, in one or more series, to pay the cost of the following projects to create a modern learning environment for students and for health, safety, security, energy conservation and other purposes:\n\n- Remodeling, equipping, re-equipping, furnishing, re-furnishing school buildings, athletic fields, playgrounds and other facilities\n- Acquiring and installing technology equipment and technology infrastructure in school buildings and other facilities\n- Erecting facilities and structures at the High School athletic fields; and\n- Preparing, developing and improving sites at school buildings, athletic fields, playgrounds and other facilities?\n\nThe estimated millage that will be levied to pay the proposed bonds in the first year is 0.45 mills ($0.45 per $1,000 of taxable value) for an estimated total of 3.18 mills for the 2024 debt levy which is an estimated -0- mill increase over the current debt levy. The estimated simple average annual millage that will be required to retire each series of the bonds is 1.45 mills annually ($1.45 per $1,000 of taxable value). The maximum number of years the bonds may be outstanding, exclusive of refunding, is not more than twenty (20) years. If approved by the voters, the repayment of the bonds will be guaranteed by the State under the School Bond Qualification and Loan Program (the “Program”). The School District currently has $20,685,000 of qualified bonds outstanding and $0 of qualified loans outstanding under the Program. The School District does not expect to borrow from the Program to pay debt service on these bonds. The estimated computed millage rate required to be levied to pay the proposed bonds may change in the future based on changes in certain circumstances. (Pursuant to State law, expenditure of bond proceeds must be audited, and the 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/2211/?format=api",
        "id": 2211,
        "category": "Local School District",
        "name": "Flushing Community Schools"
    }
}