HOLLAND — Holland Public Schools approved ballot language for a $74.65 million bond proposal in May that would, if endorsed by voters, result in a lower tax rate for the district.
The proposal, which will appear on the May 4 ballot, manages to generate significant funding while lowering the 2020 tax rate by renewing debt that is otherwise set to expire.
The 2020 local tax rate was 4.98 mills. If the bond is approved, the 2021 tax rate will lower by .25 mills to 4.73. If the bond fails, the tax rate will drop to 3.15 mills.
Board members voted unanimously to approve the ballot language during a study session meeting Monday, Feb. 8.