On August 4, 2020, voters in Hamtramck will be asked to consider a bond proposal to upgrade school facilities and sites, enhance building security and provide conducive learning and teaching environments for students and staff.
School Bond initiatives allow for school districts to tackle large projects that they would otherwise not be able to. A bond functions much like a loan. The community votes to approve a large investment that is then paid for over time through tax dollars. The answer could be in the proposed for $35,265,000 “Bond 2020” which will allow the community to rally together and take the first step towards improving their schools. By voting on August 4th, 2020, residents can be the voice of the children and fill that missing piece, ensuring success for all Hamtramck students. Hamtramck is a strong, diverse and welcoming city. We are proud of the achievements of our students and acknowledge they need to be in safe, secure, comfortable and inviting learning environments.
The Bond 2020 needs to be approved by a public vote and are generated by taxes paid by property owners at a specific millage or percentage rate of individual property values. This proposed bond is 7 mills or $7 per $1,000 dollars of a property’s taxable value. For an average home with a taxable value of $25,000 the tax increase would be about $175 or lower per year. The bond funding is strictly dedicated to the bond projects approved by the Michigan State Treasurer. The projects must be completed within 3 years.
On August 4th, the Hamtramck Community will be asked to vote for a 7 mill Bond Proposal in order to make the capital improvements throughout the district as well as construct a new school building. School building and infrastructure improvements could help raise property values and increase future revenues and most importantly, improve learning and teaching conditions for students and staff.