Bond Proposal
Durand Area Schools · November 3, 2026
The question on your ballot
Shall Durand Area Schools, Shiawassee and Genesee Counties, Michigan, borrow the sum of not to exceed Thirty Million Two Hundred Ninety Thousand Dollars ($30,290,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting and remodeling school buildings and facilities; equipping, re-equipping, furnishing and refurnishing school buildings and facilities; purchasing school buses; and preparing, developing, improving and equipping athletic fields, play fields, playgrounds, structures, facilities and sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2027, under current law, is 0.14 mill ($0.14 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 may be outstanding, exclusive of any refunding, is thirty (30) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 3.72 mills ($3.72 on each $1,000 of taxable valuation). The school district expects to borrow from the State School Bond Qualification and Loan Program to pay debt service on these bonds. The estimated total principal amount of that borrowing is $9,781,210 and the estimated total interest to be paid thereon is $21,618,901. The estimated duration of the millage levy associated with that borrowing is 30 years and the estimated computed millage rate for such levy is 7.94 mills. The estimated computed millage rate may change based on changes in certain circumstances. The total amount of qualified bonds currently outstanding is $32,500,000. The total amount of qualified loans currently outstanding is approximately $4,215,341. (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.
Durand Area Schools voters in Shiawassee and Genesee Counties are asked to approve borrowing up to $30,290,000 through general obligation unlimited tax bonds. The money would pay for erecting and remodeling school buildings and facilities, equipping them, purchasing school buses, and improving athletic fields, playgrounds, structures, and sites. The wording estimates a 2027 levy of 0.14 mill with a 0 mill net increase, and a maximum bond term of thirty (30) years. The estimated average annual millage to retire the debt is 3.72 mills. A YES vote approves the bonds; a NO vote does not.
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.