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Chassell Schools seeks support for bond proposal

CHASSELL – Chassell Township Schools will ask voters to support a new bond proposal in the November election.

If passed, the bond will fund some 14 projects, divided into three categories that will cover safety upgrades, property enhancements and classroom upgrades, and critical infrastructure upgrades.

“Our previous bond proposal for our roof expires next year, so while you can’t say you’re renewing or extending it, it’s a new proposal; it’s adding nothing as far as taxes to the community,” Howard Parmentier, Chassell schools superintendent, said.

The estimated millage that will be levied for the proposed bonds in 2017, is 1.87 mills ($1.87 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 may be outstanding, exclusive of any refunding, is six years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 2.1 mills.

Due to an expected decline next year and subsequent years in millage needed for previously issued bonds of the school district, it is projected that payments on the new bonds can be accommodated by keeping the millage rate at the same 4.45 mills that have been levied for bond payments in recent years.

“Obviously, that’s projected, because if the tax base changes, then it potentially could, but if it goes as they’re expecting, it’s going to remain the same, and actually we’re requesting from the voters, $575,000,” Parmentier said.

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