//
home

NO NEW TAXES

$33 Million Tax Increase Vote: Lake Orion Community School District

Two 20-year bonds for vote:
- Proposition A – $28.7 million
- Proposition B – $ 4.5 million

Student’s parents spend $350 for sports and are worried about skyrocketing college tuition, and rising gas/food/health care costs. Taxpayers are concerned about increased home assessments and the rumored millage increases coming in November. Many residents have budgeted and cut; school officials should do more with what they already receive!


How much will this cost me?
- If your home’s taxable value is $150,000, you will pay a total of $1,323.15 annually in school mileage. ($1,123.15 current).

What is the financial position of the district?

  • The school district is already over $163 MILLION in debt.
  • Currently, the average State of Michigan debt per pupil is $14,000, well below the current Lake Orion School’s debt per pupil of $21,538.
  • If the bonds are passed, the district’s debt will soar to $25,908 per pupil!

These bonds are irresponsible!

    • These are non-qualified bonds; they are not backed by the State of Michigan!  This means if the district cannot meet its long-term debt obligations, it can increase your tax mileage WITHOUT your approval at any time!
    • Operating expenses will increase as a direct affect of the bonds.
    • Increased expenses will open the door to future tax increases due to costs imposed on the day-to-day school operating budget by purchases stated in the projects list of the bonds.
    • Within these two bonds are $2.6 MILLION dedicated to the bond campaign fees, consultants, and professionals alone!
    • Enrollment is DECREASING yet they are trying to INCREASE spending!!!

Students and teachers come first ONLY when school districts are fiscally responsible.

VOTE NO AUGUST 6TH


Comments are closed.

Vote No Twice On August 6th, 2013!

Lake Orion Bond Proposal 2013
Follow

Get every new post delivered to your Inbox.

%d bloggers like this: