Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Rupeezy Launches Specialized Investment Funds to Bridge the Gap Between Mutual Funds and PMS
    • Amundi and Spiko Launch SAFO: A Chainlink-Powered Tokenized Mutual Fund With $100M AUM
    • A Complete Guide For Long-Term Value And Dividend Investors
    • 3 Defensive ETFs That Are Quietly Crushing the S&P 500 While Tech Implodes
    • Gold outshines bonds as portfolio diversifier: WGC
    • Why ETFs Win the Tax Battle Over Mutual Funds
    • Are Your Mutual Funds Underperforming? Here’s What To Check Before Exiting
    • Bond Funds That Have Offered Some Inflation Protection
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Taxpayers rejecting pricier school bonds – Michigan Capitol Confidential
    Bonds

    Taxpayers rejecting pricier school bonds – Michigan Capitol Confidential

    October 23, 2024


    News Story


    Bond issue asking prices doubled over 24 years, but more spending hasn’t brought better academic results

    Shutterstock | Rido

    Michigan taxpayers are rejecting more school bond issues compared to the beginning of the century, when the average debt request was less than half the current level.

    The average school bond issue request increased from $21.7 million in 2000 to $44.6 million in 2024.

    School districts usually ask for around 40-60 bonds annually, according to a Michigan Capitol Confidential review of a state website that tracks school bonds since 1996.

    Michigan schools have asked voters to approve 60 school bonds so far this year. Voters approved 29 and rejected 32. Voters will decide another 22 school bond questions on Nov. 5, 2024, with the average request seeking $40 million.

    In 2020, schools asked voters to approve 61 school bonds. Of those, 48 passed and 13 failed, giving school officials a success rate of 78%. The average school bond request then was $40.6 million.

    In 2013, schools asked for 43 bond proposals with an average request of $16 million. Of those, voters approved 32, with an average of $17 million approved. They rejected 11, with an average dollar amount of $14 million.

    In 2004, voters approved 45 school bonds and rejected 28 bonds at an average ask of $34M.

    There are several reasons why bonds fail more often now than before, Leon Drolet, Macomb Township Treasurer, told Michigan Capital Confidential. Absentee voting allows groups opposed to school bonds to track and oppose measures by mailing pamphlets to voters on the same day they receive the ballots.

    “There’s an increasing percentage of people who believe that the schools are becoming partisan as well,” Drolet said in a phone interview. “It may be that 20 years ago, people perceived their schools as a neutral entity that educates children… I think a lot of folks, whether through social media or another mechanism, have come to believe that schools are falling in line with more of a left-leaning worldview.”

    Michigan schools received $5.6 billion in COVID funds and are now trying to sustain spending levels that have skyrocketed since the turn of the century.

    In fiscal year 2000-2001, Michigan’s spending on the School Aid Fund reached $10.8 billion. By fiscal year 2023-24, spending had more than doubled to $21 billion, according to the nonpartisan Senate Fiscal Agency.

    Higher school spending is also following fewer Michigan students as birth rates drop. More than 1.6 million students attended schools in 2010 compared to 1.3 million students in 2024, Michigan Department of Education data show.

    Mischooldata.org

    Although funding is up, academic performance has dropped.

    In Detroit, 90% of students in public elementary and middle school are either not proficient or only partially proficient in English, according to Molly Macek, education policy director at the Mackinac Center for Public Policy. Only 5% of eighth graders are proficient in math.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Gold outshines bonds as portfolio diversifier: WGC

    March 19, 2026

    US demanding bonds from visa applicants in 12 more countries

    March 18, 2026

    US to demand $15,000 visa bonds from 12 more countries

    March 18, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Bond Funds That Have Offered Some Inflation Protection

    March 18, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Rupeezy Launches Specialized Investment Funds to Bridge the Gap Between Mutual Funds and PMS

    March 19, 2026

    New Delhi: Rupeezy, a leading digital investment platform, has introduced Specialised Investment Funds (SIF), a…

    Amundi and Spiko Launch SAFO: A Chainlink-Powered Tokenized Mutual Fund With $100M AUM

    March 19, 2026

    A Complete Guide For Long-Term Value And Dividend Investors

    March 19, 2026

    3 Defensive ETFs That Are Quietly Crushing the S&P 500 While Tech Implodes

    March 19, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Ronin Network breached via bridge flaw, $12M in withdrawn funds returned

    August 8, 2024

    Active ETFs Brought in Record $44.8 Billion in July

    August 5, 2025

    Grayscale Investments® Provides Update Related to Upcoming

    July 17, 2024
    Our Picks

    Rupeezy Launches Specialized Investment Funds to Bridge the Gap Between Mutual Funds and PMS

    March 19, 2026

    Amundi and Spiko Launch SAFO: A Chainlink-Powered Tokenized Mutual Fund With $100M AUM

    March 19, 2026

    A Complete Guide For Long-Term Value And Dividend Investors

    March 19, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.