Thu, 10/08/2026 - 3:40pm
admin
No.
Bond proceeds are intended for capital expenditures. Michigan Treasury specifically states that bond proceeds cannot be used for maintenance and repair costs, employee salaries, or ordinary operating expenses.
That means approving a bond does not provide the district with an additional pool of money that can be used to increase teacher salaries or pay for ordinary classroom operations.
The operating budget and the capital budget serve different purposes.