Next Steps Past, Present, and Future 18 Mill Non-Homestead Renewal - - PowerPoint PPT Presentation

Next Steps

18 Mill Non-Homestead Renewal and 2017 Bond Proposal Overview

Past, Present, and Future

November 7, , 2017 – Two Proposals on Ballot

• 18 Mill Non-Homestead Operating Millage

Renewal

• Bond Issue that represents no mill increase
• ver the current tax levy

18 Mil ill Non-Homestead Operating Mil illage Renewal

• The current Non-Homestead millage expires in 2017.
• NOT A NEW TAX
• The non-homestead millage is not paid by owner-occupied or primary

residence taxpayers, so it does not affect most residents in the school

• district. It is paid by business, industrial, commercial and rental

properties and those who own second or vacation homes.

• The 18-mill operating levy is vital to the district because it represents

approximately $3.7 million annually that goes into the budget to support teaching and learning.

• Represents 14.2% of the overall operating budget

November 7, , 2017 Bond Is Issue

2012 2013 2014 2024 2017

Facilities Study and Plan Bond Issue

$36,760,000 1.34 mill increase

Sinking Fund Renewal

$1,000,000 Per year

Bond Issue

$20,800,000 No mill increase

• ver 2017 millage

Lakeshore Public Schools has developed a long-term facility master plan that looks at all needs through 2024 and maximizes the improvements of school facilities while minimizing tax impact on voters.

Facility Master Plan Horizon

November 7, , 2017 Bond Is Issue

Proposal will not increase the combined current millage rate. Current If Bond Proposal Passes

4 3 2 1

By maintaining the current millage rate, we can generate $20.8 million and complete the work planned as part of the 2012 Facility Study.

4.2 mills 4.2 mills

2017 2017 Bond Is Issue – Why Now?

0.000 1.000 2.000 3.000 4.000

2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 Projected Millage Year of July Debt Levy (for the following November and May debt payments)

BOND MILLAGE PROJECTION FOR NOVEMBER 2017 BOND PROPOSAL

Existing Millage Proposed Millage

The millage projection is contingent on several variables including: interest rate on the proposed bonds and future Taxable Value. The average millage rate from the 2017 Bond would be 1.54 mills over 24 years.

4.2 Mills Held Flat – No Increase over Current Millage Rate

2017 Bond Proposal

By maintaining the current millage rate, we can generate $20.8 million and complete the work planned as part of the 2012 Facility Study.

Series 1 – $19,000,000 (2018) Series 2 – $900,000 (2022) Series 3 – $900,000 (2026)

2017 Bond Proposal – Elementary Schools

• Reconstruct parking lots
• Exterior door replacements
• Toilet room remodeling
• Replace boilers at all buildings
• A/C additions to gym/cafeteria

and kitchen at each elementary school

• Upgrade Lighting to LED
• Electrical system upgrades
• New play structure at each

elementary school Series 1 – $7.9 million

2017 Bond Proposal – Middle School

• Replace exterior doors
• Replace corridor lockers
• Replace ceiling tiles throughout

building

• Provide barrier-free toilets at

gym, 6th, and 7th grade wings

• Upgrade lighting throughout

building to LED

• HVAC upgrades
• Plumbing upgrades
• LED parking lot and grounds

lighting

• Resurface parking remaining

from 1994 Bond

• Fire alarm system replacement

Series 1 – $4.4 million

2017 Bond Proposal – High School

• Replace auditorium rigging,

lighting and sound system

• Resurface parking lots and bus

loop

• Replace exterior doors
• Replace lockers not covered by

2013 Bond

• HVAC upgrades
• Upgrade remaining fluorescent

lighting to LED throughout building

• Remodel remaining toilets
• Reinforce stadium bleachers
• LED site lighting
• Site improvements

Series 1 – $6.7 million

2017 Bond Proposal – Technology & Transportation

• Minor remodeling
• Paving replacements
• Technology refresh
• Buses (3)
• Minor remodeling
• Paving replacements
• Technology refresh
• Buses (3)

Series 2 - $900,000 (2022) Series 3 - $900,000 (2026)

2017 Bond Proposal - Tim imeline

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

SERIES 1 Remodeling/modifications SERIES 2 Technology Refresh/ Transportation SERIES 3 Technology Refresh/ Transportation

November 7, , 2017 – Two Proposals on Ballot

• 18 Mill Non-Homestead Operating Millage

Renewal

• Bond Issue that represents no mill increase
• ver the current tax levy

Questions

Past Funding Review and Future 2017 Bond Campaign Overview