DEARBORN, Mich. – This midterm election on November 3, Dearborn voters will see an option to approve a $1.5 billion bond for Dearborn Public Schools.
If approved the bond would be the biggest investment in the district’s history.
A school bond allows the school to borrow money then pay back it back over time through property taxes.
If the bond is approved the distract plans to improve every school within the district, including building six new schools for children pre-k through 8th grade and renovating all three high schools.
According to the district, approving the bond would not raise resident taxes.
For homeowners in Dearborn, the school bond will create a new charge, but several other charges are going away, leaving total amount of taxes the same.
The district says renovations cannot be put off any longer.
Over the last 20 years, Dearborn schools has had to spend just $76 million fixing and upgrading its buildings.
Nearby districts like Livonia, Troy, and Ann Arbor have each spent four times that amount.
According to the district, the buildings need work and the longer the city waits, the more it will cost.
Mike Esseily, superintendent of Dearborn Public Schools. joined Local 4 Live to tell us what the bond would do for Dearborn Public Schools and why now is the time.
You can watch the full interview in the video at the beginning of this article.