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2025 Bond Proposal

A History of Parchment Bonds + Sinking Funds

The Parchment School District has a proud history of community support and investment in its schools. Through voter-approved bonds and sinking funds, the district has been able to grow, modernize, and create spaces that support student success. Below is a timeline of key projects made possible by these bonds and sinking funds:

2007: ENHANCING OPPORTUNITIES

In 2007, the community approved a bond to expand and upgrade district facilities, with a focus on Parchment High School and athletic resources: The bond funded:

  • Additions to Parchment High School, as well as remodeling, refurnishing, and re-equipping existing spaces.

  • Technology upgrades to support modern education.

  • Improvements to athletic fields, facilities, and surrounding sites.

2020: SINKING FUND RENEWAL

In 2020, voters approved a five-year sinking fund to address critical infrastructure and technology needs without increasing the overall tax rate. This fund generated approximately $438,537 per year and supported:

  • Providing one-to-one student technology devices.

  • HVAC and plumbing system improvements.

  • School security upgrades.

  • ​Repairs and maintenance of school buildings

2025: KEEPING OUR STUDENTS, SAFE, WARM, AND DRY

The Parchment School District is now asking the community to consider an upcoming bond in May. This bond focuses on addressing the district's most urgent needs to ensure students are safe, warm, and dry. Key proposed projects include:

  • Safety and security upgrades at Central, Northwood, and North Elementary Schools including vestibule modification and fire alarm upgrades.

  • Infrastructure and operational improvements including replacing outdated windows and roofing, increasing electrical transformer size to support air conditioning, and modernizing temperature controls.

  • Improving student experience with heating and air conditioning upgrades and barrier-free modifications.

How will the 1.02 mill net increase impact my taxes?

  • If the bond proposal is approved, the district will be able to sell bonds in the amount of $36.4 million resulting in a 2.95 mill increase over the current millage rate of 7.01 mills.

  • However, the district does not intend to seek renewal of the 1.93 mill sinking fund resulting in a net increase of 1.02 mills over the total 2024 levy.

  • A "MILL" equates to 1/1000 (.001) of your tax-assessed value and is used for calculating property taxes. The tax-assessed value of your property is roughly half (1/2) of the market value of a property.

NET TAX IMPACT CALCULATOR + GRAPH

Use the calculator below to better understand the impact of the 2025 bond.

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Parchment School District

520 N. Orient Street

Kalamazoo, MI 49004

Phone: (269) 488-1050

www.parchmentschools.org

Paid for by Parchment School District.

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