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Board reviews $125 million bond application, property tax notices and year‑end and next‑year budget assumptions
Summary
Finance staff reviewed a $125 million bond application that would not increase taxes, presented property‑tax rates and sinking fund numbers required for municipal billing, and outlined the district’s year‑end and 2025–26 budgets with a conservative $400 per‑pupil revenue assumption for state aid.
Finance staff told the Wayne‑Westland Board of Education the district will submit a $125 million bond application to the Michigan Department of Treasury next Wednesday and that the bond package is structured so it will not raise property taxes for residents.
The bond application, staff said, will be reviewed closely by Treasury; the board plans a formal vote on the bond resolution at an upcoming meeting. Finance presenters said bond marketing will accelerate in July–September ahead of an anticipated November ballot and emphasized the bond’s stated focus:…
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