Royal Oak Schools Proposed Facilities Bond
What does this measure do?
Supports: Public Infrastructure
Royal Oak Schools could borrow up to $165 million for school buildings, technology, safety, accessibility, and athletic facilities. The district expects debt taxes to stay at or below the current $2.20 per $1,000 of taxable value, so homeowners' rate should not rise.
Proposed by: Royal Oak Schools
The school district asks voters to let it borrow about $165 million for school buildings. It is paid back with property taxes, with no change to the current tax rate.
Source: royaloakschools.org
A YES vote means
The district could borrow the money for the listed school upgrades. It expects the debt tax rate to stay at or below today's rate.
A NO vote means
The district could not borrow this money, and the listed upgrades would not be funded this way.
No financial records found for this ballot measure.