Yikes!! $61 million NEEDED! Only $13 asked......smellin' a bit fishy, donchatink?-------Mona Shores informing voters about $13 million bond proposal on May ballot

"The problem with government schools is that you eventually run out of other people's money"
Mona Shores informing voters about $13 million bond proposal on May ballot | MLive.com
NORTON SHORES, MI --Mona Shores voters looking for more information on a May 5 ballot proposal to issue $13 million in school improvement bonds can find lots of it on the district's website.

The district is asking voters to approve the sale of bonds to pay for such large items as new roofs, boilers and buses.

Repaying the bonds initially would cost voters 0.75-mill per year in additional property taxes, an amount that could fluctuate to as high as 1 mill over the next 10-15 years.  

In four years, 5.8 mills of current debt will expire.

...The facilities study turned up more than $61 million in needed improvements, which a study committee narrowed to the $13 million in needs the bond proposal would address.

Voters approved a 1-mill sinking fund that voters renewed in November and generates $800,000 per year.
The sinking fund pays for ongoing maintenance and repairs while the bond proposal would pay for big-ticket items..."