Tecumseh schools plan $950,000 short-term loan to fund summer capital work, board weighs enrollment scenarios

The Tecumseh Public Schools board discussed a plan June 9 to seek a $950,000 tax‑anticipation note to cover about $940,000 in summer capital projects, including roughly $650,000 earmarked for repairs to the high school pool.

The finance discussion centered on timing and cash flow: district staff said the note would be short term, with funds expected in July and repayment in October when property tax collections arrive. Kelly Glenn, a district staff member overseeing finance, told trustees that Trune Law would post a bid packet if the board approves a resolution to go out for bids and that, by law, the district must accept the bidder offering the lowest interest rate.

The proposal includes a $10,000 contingency and relies on sinking fund eligibility for most projects. Glenn said the district expects to collect roughly $1.5 million next fall in sinking‑fund receipts and to have about $3.4 million in local property tax receipts overall.

Board members pressed for clearer cost scenarios. Trustee Simpson said the budget committee used an assumed $2.50 per‑pupil figure for planning and that the administration will…