Saginaw Township Community Schools' Bond Proposal on May Ballot Defeated

The Saginaw Township Community Schools Board of Education placed a $242.9 million bond proposal on the May 2, 2023 ballot. The bond
asked to finance improvements at all school facilities and included revenue for demolishing three aging circular classroom pods and constructing a new Academic and
Arts facility at Heritage High School.  Results of the vote show the bond proposal was unsuccessful.
“Of course we are disappointed that the school district’s bond proposal was unsuccessful,” said district Superintendent Bruce Martin. “We plan to assess the election
results before deciding our next steps. We will evaluate all bond proposal projects by engaging the staff and community and then update our plan to address facility needs. I
want to assure parents, other members of the community, and school staff that, despite this setback, we will continue moving forward and will work together to provide a quality educational experience for all students and other members of the community. Thank you to everyone for their continued support.”
The Saginaw Township Community Schools (STCS) is comprised of eight (8) elementary, middle and high schools within Saginaw Township, Michigan and serves
nearly 4,800 students. 

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SINKING FUND AND ESSER SPENDING:

2022 Michigan Homestead Property Tax Credit – Households that pay homestead property taxes greater than 3.2% of their annual income may be eligible for Michigan’s Homestead Property Tax Credit.  Eligible households may deduct up to 60% (up to 100% for senior citizens, see the senior credit table below) of the millage increase cost up to a $1,600 Homestead Tax Credit limit.  The eligibility for the credit begins to decrease after household income exceeds $54,001 and ends completely after the household income exceeds $63,001.  Please see the general reduction table and senior credit table below:

Click the online tax calculator (provided by PFM Financial) to estimate the impact of May's ballot proposal on a taxpayer’s annual tax bill:  https://pfmtaxcalc.com/SaginawTownshipCommunitySchoolDistrict/default.aspx