What is the difference in taxpayer impact from the 2018 bond proposal to the new 2019 bond proposal?

The new bond proposal reduces the net impact to taxpayers by .6 mills, from a proposed total debt tax rate of 4.76 mills in 2018 to a proposed total debt tax rate of 4.16 mills in 2019.

Two things impacted the reduction of the deb tax rate: The District paid off an existing bond debt, which lowered the debt tax rate in 2018 to 2.80 mills. The District also reduced the total project scope of the bond by 21%, from the $50.7M to $39.9M.

Learn more about the May 7, 2019 bond proposal by visiting the district website.

This informational material is paid for by Saugatuck Public Schools, 201 Randolph, Douglas, MI 49406

More info link: saugatuckpublicschools.com/bond-information
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