Scammers are contacting taxpayers while pretending to be from the Michigan Department of Treasury, using out‑of‑state phone numbers. They may request payments or attempt to trick you into providing your bank account information. Always verify the source before sharing any personal or financial details.
Final Qualification Statistics
2025 School Bond Qualification and Loan Program Annual Report
Final Qualification Statistics
After a school district passes a qualified bond election, it may issue bonds “qualified” by the State Treasurer. Some districts opt to issue these “building and site” bonds in series. Eighty school districts issued qualified building and site bonds in 2025.Twenty-three school districts took advantage of the opportunity to refund outstanding qualified bonds or loans for new debt at more favorable interest rates in 2025.
By refunding outstanding qualified bonds school districts realized a total net present value savings of approximately $16.8 million. Approximately $2.2 billion in qualified bonds were issued in 2025. See Appendix B for a complete listing.