Vote NO To New Taxes

This is a property tax Increase! If your property value is $300.000, you will pay an additional $199.50 annually for up to 20 years, or $3,990 in new taxes. Unlike all prior bonds,these bonds are NON-QUALIFIED; they are not guaranteed by the State. This means if the property tax revenue is not sufficient to service the bond debt, the District cannot borrow from the State. Therefore, our milliage could be increased WITHOUT VOTER APPROVAL! Lake Orion School District already has over $163 million in bond debt. If these bond propositions pass, the total bond debt will be over 197 million, or $25,904 per student. Lake Orion bond debt/pupil is already on of the highest in the Country. The national average for bond debt is $8,473/ pupil. Suzanne.