Following is a recap of the story the Boyne City Gazette produced earlier this year concerning the Boyne City Public Schools upcoming bond proposal. Boyne City Public Schools Interim Superintendent Peter Moss told the Boyne City Gazette late last week that the school system’s proposal had not changed from what was originally announced this winter.
Boyne schools officials hope to renew the district’s 3.35 mills tax levy to help pay for renovations, security, transportation, technology and other needed equipment and improvements.
Interim Boyne City Public Schools Superintendent Peter Moss said voters will be asked to renew this 10-year millage on Tuesday May 3 so the school system can bond—borrow—$10,315,000 to make the improvements.
“The ballot language asks for voter permission to remodel, equip and re-equip and furnish and re-furnish school buildings; erect a secure entry addition to the middle school; acquire, install, equip or re-equip school buildings for instructional technology; acquire and equip school buses; and develop and improve playgrounds, athletic facilities and sites,” Moss told the Boyne City Gazette earlier this winter.
The millage is expected to raise approximately $1,000,000 annually.
“Annually, the millage rate will be reviewed to make sure the district’s obligations can be met,” Moss said. “Our history with our financial adviser has proven they to be incredibly accurate in their assumptions.”
Moss indicated that there are actually two bonds to be sold.
“The major bond would be sold this summer,” he said. “The second bond, for a lesser amount but needed later during this span of time, would be sold in 2019. Both bonds come off the rolls in 2025—a total of 10 years.”
Moss said the renewal of this millage is necessary for several reasons.
“The general fund is responsible for much of what we do in the schools: salaries and benefits for nearly 170 employees, daily transportation of 1300-plus students, building upkeep, energy to heat and light the schools, extra and co-curriculars, etc.,” he stated.
While this millage would be renewed at 3.35 mills, it could end up being reduced over the years.
“The current levy is 3.35. If the bond is approved, taxpayers will continue to pay at that same rate for three years. Then, if projections are correct, the millage rate will then decrease over the life of the bond and settle at 2 mills—an overall decrease in the rate of 1.35 mills,” Moss stated.
Without this millage renewal, Moss said it will make things very difficult for the district.
“The district’s technology initiative will either be altered dramatically or supported entirely through the general operating fund. As noted, general operating revenue is stretched very thin and, if the decision is to continue providing technology, buy buses, update buildings, etc., then other areas of our program will be negatively impacted,” Moss stated.
Voting will occurr in Boyne City’s temporary city hall location at 364 North Lake St. in the Honeywell building across from old city hall in Boyne City.
Call (231) 582-6597 for more information.