Bond & Building Site Sinking Fund Proposal
Thank you, voters
Dear Huron Valley families,
Today I want to send a message of gratitude for your support of our Huron Valley Schools.
The passage of our bond and sinking fund initiatives is a testament to your commitment to our children, our schools and our community. I am so grateful and thankful for your support.
The passage of these initiatives will allow us to focus on the four pillars deemed most important by our Building Futures Committee: Safety and security, infrastructure and operational efficiencies, program enhancements and technology. The school district can now make significant investments in these areas, allowing us to bring our schools and programs up to date and remain competitive without an increase to the current tax rate.
I want to thank the many community members, business owners, parents and staff members who worked tirelessly to help educate voters and effectively deliver the message regarding the school district’s needs. Strong schools can thrive only with the support of parents, business owners, community members and senior citizens, and we are fortunate to have such support in Huron Valley. I am proud to serve as Superintendent.
Because of your commitment to HVS and the community as a whole, Huron Valley will remain a vibrant place to work, raise a family and retire.
Dr. Paul Salah
Video: 2019 Bond & Sinking Fund
Bond & BSSF Information
Individual School Plans
Frequently Asked Questions
Explore frequently asked questions and get answers regarding the 2019 Bond & BSSF proposal.
HURON VALLEY SCHOOL DISTRICT
Shall Huron Valley School District, Oakland and Livingston Counties, Michigan, borrow the sum of not to exceed One Hundred Eighty-Two Million Dollars ($182,000,000) and issue its general obligation unlimited tax bonds therefore, in one or more series, for the purpose of:
erecting, furnishing, and equipping additions to and remodeling, furnishing and refurnishing, and equipping and re-equipping school buildings and other facilities for safety, security, and other purposes; acquiring and installing instructional technology in school buildings; acquiring land for parking lots; purchasing school buses; and erecting, furnishing, equipping, preparing, developing, and improving playgrounds, playfields, athletic fields and facilities, and sites?
The following is for informational purposes only:
The estimated millage that will be levied for the proposed bonds in 2020 is 2.97 mills ($2.97 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 of any series may be outstanding, exclusive of any refunding, is eleven (11) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 4.62 mills ($4.62 on each $1,000 of taxable valuation).
The school district does not expect to borrow from the State to pay debt service on the bonds. The total amount of qualified bonds currently outstanding is $54,237,383. The total amount of qualified loans currently outstanding is $0.00. The estimated computed millage rate may change based on changes in certain circumstances.
(Pursuant to State law, expenditure of bond proceeds must be audited, and the proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
II. HURON VALLEY SCHOOL DISTRICT
SINKING FUND MILLAGE RENEWAL PROPOSAL
This proposal will allow the school district to continue to levy the building and site sinking fund millage that expires with the 2019 tax levy.
Shall the currently authorized millage rate of .9109 mill ($.9109 on each $1,000 of taxable valuation) which may be assessed against all property in Huron Valley School District, Oakland and Livingston Counties, Michigan, be renewed for a period of 10 years, 2020 to 2029, inclusive, to continue to provide for a sinking fund for the purchase of real estate for sites for, and the construction or repair of, school buildings, and all other purposes authorized by law; the estimate of the revenue the school district will collect if the millage is approved and levied in 2020 is approximately $2,517,750 (this is a renewal of millage that will expire with the 2019 tax levy)?
The Oakland Press: Huron Valley Schools asking voters to approve $182 million bond proposal
The Spinal Column: One minute interview with HVS Superintendent Dr. Paul Salah
The Spinal Column: Educators talk bond benefits
The Spinal Column: Our view: We're all in this together
Milford Times: Huron Valley Schools begins push on $182 million bond proposal on November ballot
The Spinal Column: Seniors often ask how two school ballot proposals benefit them
The Spinal Column: School safety is a concern for HVS staff, parents, students
The Spinal Column: One minute interview with Citizens for Quality Education Committee co-chairs
The Spinal Column: Citizens for Quality Education ‘Vote Yes’ campaign kicks off
The Spinal Column: Survey: Most favor HVS school tax proposals
The Spinal Column: Ballot proposals will decide schools’ long term future
The Spinal Column: Election 2019: What you need to know
Milford Times: Huron Valley Schools starts pitch for $182 million in improvements