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APS board moves forward with March bond proposal

Submitted by on November 19, 2019 – 12:56 amNo Comment

It now appears imminent the board of education for Alpena Public Schools will ask voters to support a new and smaller bond proposal in 2020.

During a full board meeting Monday, Superintendent John VanWagoner was authorized to submit a completed bond sale application to the Michigan Department of Treasury for approval.

That means the board essentially agrees with the proposed size of the levy, the election date and the ballot language.

The board is considering a new levy request of 1.8 mills over 25 years. That is the same amount voters are currently paying on a 1996 bond issue that paid for the construction of an elementary school and the junior high, among other things.

The new request, which would be placed on the March ballot, would raise no more than $33.9 million dollars for roofs, heating systems, security upgrades and other improvements and renovations at all nine of the district’s school buildings.

Financial consultants for the school district calculated the average levy over the length of the term to be 1.42 mills.

The 1996 bonds will be paid off in May 2022. Money raised during the first two years of the new bond proposal would cover those bond payments, without any additional burden to taxpayers.

A bond proposal of 1.9 mills for 25 years, which included a renewal of 1.8 mills for 25 years was soundly rejected by voters in May.