Extending a debt levy helps school districts issue bonds without tax increase, but it's a strategy derided by some (with poll) | MLive.com

Extending a debt levy helps school districts issue bonds without tax increase, but it's a strategy derided by some (with poll) | MLive.com



"Welcome to the never-ending school bond tax," an commenter on MLive.com wrote in response to a story about Gull Lake's plan for a bond vote. "School districts across the state are using this gimmick. First, they get a bond millage passed. Then, when the tax is scheduled to end, the school board puts another tax on the ballot, and says, 'Don't worry, your taxes aren't going up — they're just going to stay the same.' "
"Hogwash," the commenter wrote. "It's a tax hike. Consider this scenario: You make the last payment on your mortgage, paying it off. Then the bank sends you a letter next month, saying it will continue to deduct your mortgage payment from your bank account, but don't worry, it's the same amount that you've been paying all along, so be happy!"

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