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Proposal Text
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Shall the limitation on the amount of taxes which may be assessed against all porperty, exempting therefrom principal residence, qualified agricultural property and qualified forest property as defined by law, in Gull Lake Community Schools, Kalamazoo, Barry and Calhoun Counties, Michigan, be increased by 3.25 mills ($3.25 on each $1,000.00 of taxable valuation) for a period of 3 years, 2007, 2008 and 2009, to provide funds for operating purposes (1.4381 mills of the above is a renewal of millage which expired with the 2006 tax levy and 1.8119 mills is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963 and will be levied only to the extent necessary to restore that reduction); the estimate of the revenue the school district will collect if the millage is approved and levied in 2007 is approximately $309,000?
Shall Mattawan Consolidated School, Van Buren and Kalamazoo Counties, Michigan, borrow the sum of not to exceed Six Million Six Hundred Twenty-Five Thousand Dollars ($6,625,000) in two or more series and issue its general obligation unlimited tax bonds therefor, for the purpose of: acquiring and installing educational technology improvements; acquiring school buses; and partially re-equipping and refurnishing school district buildings? The estimated millage that will be levied for the proposed bonds in 2007 is .66 mill ($0.66 on each $1,000 of taxable valuation). The maximum number of years that all series of the bonds may be outstanding, exclusive of any refunding, will not exceed eleven (1) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is .78 mill ($0.78 on each $1,000 of taxable valuation).
Shall the limitation on the amount of taxes which may be assessed against all property, exempting therefrom principal residence, qualified agricultural property and qualified forest property as defined by law, in Mattawan Consolidated School, Van Buren and Kalamazoo Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000.00 of taxable valuation) for the year 2007, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2007 is approximately $1,750,000 (this is a renewal of millage which expired with the 2006 tax levy)?
Shall the limitation on the amount of taxes which may be imposed on taxable non-homestead property in the Schoolcraft Community Schools, County of Kalamazoo, Michigan, be increased by 18.00 mills ($18.00 per $1,000of taxable value) for ten (10) years, the years 2007 to 2016, incusive, replacing the existing authorization to levy 15.7445 mills, to provide funds for operating expenses of the School District? If approved, this millage would raise an estimated $969,505 for the School District when first levied in 2007.
Shall the limitation on the amount of taxes which may be imposed on taxable non-homestead property in the Schoolcraft Community Schools, County of Kalamazoo, Michigan, be increased by 2.00 mills ($2.00 per $1,000 of taxable value) for ten (10) years, the years 2007 to 2016, inclusive, replacing the existing authorization to levy 1.8264 mills, to provide funds for operatingexpenses of the School District? If approved, this millage would raise an estimated $9,936 for the School District when first levied in 2008.
Shall Kalamazoo Regional Educational Service Agency, Michigan, borrow the sum of not to exceed Twenty-Nine Million Two Hundred Eighty Thousand Dollars ($29,280,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: Erecting, furnishing and equipping a new special education facility and additions to existing facilities; partially remodeling, refurnishing and re-equipping existing facilities; and developing and improving sites? The following is for information purposes only: the estimated millage that will be levied for the proposed bonds in 2007 is .39 mill ($.39 on each $1,000 of taxable valuation). the maximum number of years the bonds may be outstanding, exclusive of any refunding, will not exceed twelve (12) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is .39 mill ($0.39 on each $1,000 of taxable valuation).
