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

Next Steps Past, Present, and Future 18 Mill Non-Homestead Renewal and 2017 Bond Proposal Overview

November 7, , 2017 – Two Proposals on Ballot • 18 Mill Non-Homestead Operating Millage Renewal • Bond Issue that represents no mill increase over 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 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. 2012 2013 2014 2017 2024 Facilities Study Bond Issue Sinking Fund Bond Issue Facility Master and Plan $36,760,000 Renewal $20,800,000 Plan Horizon 1.34 mill increase No mill increase $1,000,000 over 2017 millage Per year

November 7, , 2017 Bond Is Issue Proposal will not increase the combined current millage rate. Current If Bond Proposal Passes 4 3 4.2 4.2 2 mills mills 1 0 By maintaining the current millage rate, we can generate $20.8 million and complete the work planned as part of the 2012 Facility Study.

2017 2017 Bond Is Issue – Why Now? BOND MILLAGE PROJECTION FOR NOVEMBER 2017 BOND PROPOSAL 4.2 Mills Held Flat – No Increase over Current Millage Rate 4.000 Projected Millage 3.000 2.000 1.000 0.000 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 Year of July Debt Levy (for the following November and May debt payments) 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.

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 Series 1 – $7.9 million • Reconstruct parking lots • Upgrade Lighting to LED • Exterior door replacements • Electrical system upgrades • Toilet room remodeling • New play structure at each elementary school • Replace boilers at all buildings • A/C additions to gym/cafeteria and kitchen at each elementary school

2017 Bond Proposal – Middle School Series 1 – $4.4 million • Replace exterior doors • HVAC upgrades • Replace corridor lockers • Plumbing upgrades • Replace ceiling tiles throughout • LED parking lot and grounds building lighting • Provide barrier-free toilets at • Resurface parking remaining gym, 6 th , and 7 th grade wings from 1994 Bond • Upgrade lighting throughout • Fire alarm system replacement building to LED

2017 Bond Proposal – High School Series 1 – $6.7 million • Replace auditorium rigging, • Upgrade remaining fluorescent lighting and sound system lighting to LED throughout building • Resurface parking lots and bus • Remodel remaining toilets loop • Replace exterior doors • Reinforce stadium bleachers • Replace lockers not covered by • LED site lighting 2013 Bond • Site improvements • HVAC upgrades

2017 Bond Proposal – Technology & Transportation Series 2 - $900,000 (2022) Series 3 - $900,000 (2026) • Minor remodeling • Minor remodeling • Paving replacements • Paving replacements • Technology refresh • Technology refresh • Buses (3) • Buses (3)

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 over the current tax levy

Questions Past Funding Review and Future 2017 Bond Campaign Overview