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Romulus board approves $153 million bond to repair buildings, upgrade technology and buy buses
Summary
The Romulus Community Schools Board of Education on April 7 approved an unlimited-tax general obligation bond issue of up to $153 million to fund infrastructure, security, technology and certain program improvements. The measure passed by roll call vote; board presenters said the district would ask voters for a 2.7-mill levy tied to the bond.
Romulus Community Schools’ board approved a bond resolution on April 7 authorizing the district to borrow up to $153,000,000 through unlimited-tax general obligation bonds to pay for building repairs, safety and security upgrades, technology, school buses and other facility work.
The board approved the motion by roll call after a presentation by Superintendent Dr. Edmondson and district staff explaining the proposed three-phase plan and how the millage would operate. “The beautiful thing is that the taxes do not go up. Okay? They go down,” Dr. Edmondson said during the presentation while explaining how existing bonds will roll off and how the district would ask voters to replace part of that levy.
Nut graf: The approved bond measure, as presented to the board, would be issued in up to three series over approximately six years to…
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