DeWitt Public Schools - $157 Million Bond - Three Bond Series

[Shadowninja]

Dearest reader,

Lady B has spent enough time inside DeWitt Public Schools' 51-page Treasury application that she may soon qualify for residency. 😂

But we finally have something much easier to understand.

DeWitt is asking voters to authorize a $157 million bond.

The district's Form 3881 submitted to the Michigan Department of Treasury breaks the proposed projects down by building/package.

So rather than another brochure full of percentages, let's open the ledger.

📌 DeWitt High School 
$90,852,978

📌 DeWitt Middle School 
$28,019,288

📌 Schavey Road Elementary 
$12,395,160

📌 Herbison Woods 
$12,300,612

📌 Scott Elementary 
$7,890,895

📌 Other district project package 
$4,034,105

📌 Buses/equipment package 
$2,525,568

TOTAL PROJECT COSTS:

$158,018,606

Now, before someone reaches for a calculator and says:

"Lady B! I thought the bond was $157 million!"

It is. 🪶

The 3881 reconciles the difference:

$158,018,606 — Total project costs

+ $1,466,224 — Election/bond-issue costs

− $2,484,830 — Estimated interest earnings

= $157,000,000 PROPOSED BOND ISSUE

And the $157 million itself is planned across three bond series:

📌 Series 1 — $17.61 million

📌 Series 2 — $100.01 million

📌 Series 3 — $39.38 million

TOTAL: $157 MILLION

Now look back at those building numbers for a moment.

The largest project package is DeWitt High School at approximately $90.85 million.

The next largest is DeWitt Middle School at approximately $28.02 million.

Then come Schavey Road Elementary, Herbison Woods and Scott Elementary.

And within the High School plans is the 110,000-square-foot fieldhouse Lady B broke down in the previous post.

The 3881 shows:

Fieldhouse Phase 1 — $1,607,555

Fieldhouse Phase 2 — $17,281,410

Total after construction-year escalation — $18,888,965

Current construction estimate before that escalation — approximately $12.94 million.

So now we can see the proposal from the top down:

$157 million proposed bond.

Three planned bond series.

$158.02 million in underlying project costs.

And individual project packages showing where those dollars are expected to go.

No, Lady B is not going to list every roof, floor, parking lot, electrical upgrade and door hinge contained in 51 pages of construction estimates.

Nobody deserves that Facebook post. 😂

But when taxpayers are being asked to authorize $157 million, the big numbers deserve daylight.

And now you have them.

With receipts and respect. 🪶

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