Marquette, MI – (Great Lakes Radio News) – On Tuesday, August 4th, voters in the Gwinn School District will decide the fate of a pair of ballot proposals intended to generate funds for the Gwinn school system.
Gwinn School Board President Ron Lauren and Board Trustee Bill Nordeen joined the SUNNY Morning Show with Walt & Mike today to explain the proposals and what the money raised would be going for.
Lauren said there is a bond proposal asking if the district should borrow $1,560,000 by selling bonds.
Funds to pay back the principal and interest on the borrowing would come from levying taxes for 11 years estimated at .46 mills in the first year.
He then explained that the second is a sinking fund tax levy requesting 1 mill for 10 years that will generate $276,800 in the first year.
Nordeen said the funds are needed as the district faces continued declining enrollment and state funding, aging buildings and a perpetual need for new technology and school buses.
He added that facility improvements and other upgrades are required for the future viability of the Gwinn School District.