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Sturgis bond proposal overview: What’s being upgraded and who’s paying for it?

The funding would come through a bond proposal, which is the mechanism public school districts use to ask voters for authorization to borrow money for large capital investments. If approved, the district would work with a financial institution to sell bonds in multiple series, according to Superintendent Arthur Ebert. The first bond sale would be for a little more than $30 million in 2027, with the remaining amount issued in 2029. In practical terms, district officials say the proposal is not expected to create a higher school bond tax rate than what property owners are currently paying. 
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