Dearest reader... before your Lady closes Kalkaska's debt ledger, there is one rather useful receipt sitting on the district's transparency page. 🪶
What does Kalkaska Public Schools still owe on its bonds?
As of June 30, 2025:
📜 Bond principal remaining: $14.99 million
💰 Remaining interest: $3.65 million
🧾 Principal + interest remaining: $18.64 million
📅 Final scheduled payments: 2035
And there is another side of the ledger worth noting: Kalkaska paid down $2.155 million in principal during the most recent fiscal year.
No raised eyebrow required.
Sometimes taxpayers simply deserve to know what remains on the mortgage. 👑
With receipts & respect.