Proposal Text

Comstock Public Schools -- Athletic Facilities Sinking Fund

Shall Comstock Public Schools, County of Kalamazoo, Michigan, be authorized to levy 1.45 mills to create a sinking fund for the purpose of paying the cost of high school outdoor athletic facility and related site improvements, and any other purpose permitted by law for the use of sinking fund proceeds, by increasing the limitation on the amount of taxes which may be imposed on taxable property in the School District for the period of two (2) years, being the years 2008 to 2009, inclusive? It is estimated that 1.45 mills ($1.45 per $!,000 of taxable valuation) would raise approximately $722,800 in the first year that it is levied.