BRICS Bond

Bond Overview

Dearborn Public Schools is asking voters to consider a bond proposal on the  November 5th, 2019 ballot. 

With existing bonds expiring, the District can generate approximately $240 million from the sale of new bonds without a change in the current millage rate of 4.82.  This bond would not increase the current tax rates for residents.

The District is calling the proposal BRICS because the funded projects focus on Buildings, Renovations, Infrastructure, Capacity and Safety.

The BRICS Bond proposal is the direct result of the Infrastructure Task Force, which spent just over three months developing a plan and then making a recommendation to the Board of Education that included a zero millage increase while still generating $240 million to address a variety of critically needed items and updates in our schools. 

See the BRICS Bond Virtual Forum video to learn more.

Background

Shortly after the Infrastructure Task Force, comprised of staff and community members, presented its recommendations to the Board of Education in October 2018, the District began moving forward with a detailed review of the infrastructure needs at each of the district’s 34 buildings, which equates to more than 3 million square feet of space.

Working with staff from the Operations Department, representatives from Plante Moran CRESA (PMC) visited each school to meet with the principal and engineer. Together they toured the school and developed a comprehensive list of infrastructure needs.

At the foundation of all this work is the original recommendations from the Citizens Task Force which includes:

  • First priority- infrastructure
  • Second priority- meeting current and future capacity needs
  • Third priority- school safety and security
  • Fourth priority-  continue increasing the number of air conditioned facilities or other priorities identified by the Board of Education on a funds available basis.

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