Bond Proposal
Shepherd Public School District · November 3, 2026
The question on your ballot
Shall Shepherd Public Schools, Isabella, Gratiot, and Midland Counties, Michigan, borrow the sum of not to exceed Fourteen Million Nine Hundred Thousand Dollars ($14,900,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of: remodeling and equipping school buildings, including roofing and HVAC systems; and preparing, developing, improving and equipping the elementary school playground and site? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2027, under current law, is 1.65 mills ($1.65 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 twenty-five (25) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 3.24 mills ($3.24 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 but expects estimated additional interest attributable to the bonds to be $1,468,914. The total amount of qualified bonds currently outstanding is $3,800,000. The total amount of qualified loans currently outstanding is approximately $15,457,294. 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.)
In plain language
A VoterDecoder summary of the official measure text.
Shepherd Public Schools in Isabella, Gratiot, and Midland Counties asks voters to approve borrowing up to $14,900,000 through general obligation unlimited tax bonds. The money would pay for remodeling and equipping school buildings, including roofing and HVAC systems, and for the elementary school playground and site. The wording estimates a 2027 levy of 1.65 mills, with no net increase, a simple average annual levy of 3.24 mills, and bonds that could run up to 25 years. A YES vote approves the borrowing. A NO vote means the district does not borrow this money.
Official ballot arguments
No official arguments were filed for or against this measure.
What supporters and opponents say — outside sources (not official ballot arguments)
Statements by campaigns, officials and news coverage, quoted with attribution and linked to the original. VoterDecoder did not write them and does not endorse either side.
Supporters say
No public statements in favor were found.
Opponents say
No public statements against were found.