School leaders set to reach decision on bond proposal
Traverse City Area Public School leaders are planning to make a final decision on a potential bond issue Monday.
The TCAPS Board of Education will discuss placing a bond proposal on the Nov. 5, 2013 ballot.
A $100 million bond was denied by voters in Nov. 2012. Last year's millage request was voted down by 58-percent of voters.
The 2012 bond would have added buses, upgraded technology, renovated a high school auditorium and renovated some elementary schools.
According to focus group feedback, the 2012 millage was voted down due to the large price tag. It was also determined that the bond should include a separate proposal for the Central High School auditorium project.
Taking the focus group and phone survey feedback into consideration, if approved, the bond proposal this time around will have two ballot questions.
The main proposal will be a .20 mil which will total $35.2 million. The average cost to residents with a $200,000 home would be $20 per year.
The Central High School auditorium project will be a separate .09 mil for $12.9 million. The average cost to residents with a $200,000 home would be $9 per year.
The TCAPS Board of Education meeting will take place at the Tompkins Boardman Administration Center on Webster Street. The meeting will begin at 6pm.