QUESTION 1: $15,810,000 General Obligation Bond
Shall Yale Public Schools, St. Clair and Sanilac Counties, Michigan, borrow the sum of
not to exceed Fifteen Million Eight Hundred Ten Thousand Dollars ($15,810,000) and
issue its general obligation unlimited tax bonds therefor, for the purpose of remodeling
TAX IMPACT ON QUESTION 1: $0 Tax Impact from Current Tax Rate
Why a $0 anticipated tax increase?
o Due to current debt being paid off, the effective tax impact in year 1 is
neutral and in years 2-12 remains consistent with the current tax impact.
o The tax in year 1 is estimated at 1.2 mils; and in years 2-12 is estimated
average at 3.12 mils.
o The bond is planned to be paid back over 12 years.
FOR MORE INFORMATION
Kurt Sutton – Superintendent