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Votes in dissolved Buena Vista School District to decide on millage renewal to pay off debt

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BUENA VISTA TOWNSHIP, Michigan — Voters in a dissolved Michigan school district will decide whether to renew a millage to pay off debt.

The Saginaw News (http://bit.ly/1ysBDi3 ) reports Thursday that the 18-mill, non-homestead renewal in the former Buena Vista School District would continue to pay off a $4 million debt. If approved in November, the levy would affect business, industrial, commercial and rental properties.

State officials closed the Saginaw County district last year after years of financial and academic troubles. Students now attend schools in neighboring districts.

The millage renewal is expected to raise about $1.6 million and the existing tax should pay off all but about $500,000 of the debt. Officials say the rest of the money could go into the state education fund.

Michigan officials could impose a tax if the vote fails.

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