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Proposal Text
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GOBLES PUBLIC SCHOOLS OPERATING MILLAGE RENEWAL PROPOSAL This proposal will allow the school district to continue to levy the statutory rate of 18 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its revenue per pupil foundation allowance. Shall the limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Gobles Public Schools, Van Buren and Allegan Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for the year 2013 to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2013 is approximately $715,991 (this is a renewal of millage which expired with the 2012 tax levy)?
LAWRENCE PUBLIC SCHOOLS MILLAGE PROPOSAL, BUILDING AND SITE SINKING FUND TAX LEVY Shall the limitation on the amount of taxes which may be assessed against all property in Lawrence Public Schools, Van Buren County, Michigan, be increased by and the board of education be authorized to levy not to exceed 1.5 mills ($1.50 on each $1,000 of taxable valuation) for a period of 2 years, 2013 and 2014, to create a sinking fund for the construction or repair of school buildings and all other purposes authorized by law; the estimate of the revenue the school district will collect if the millage is approved and levied in 2013 is approximately $174,000?
MARCELLUS COMMUNITY SCHOOLS BONDING PROPOSAL Shall Marcellus Community Schools, Cass, St. Joseph and Van Buren Counties, Michigan, borrow the sum of not to exceed Fifteen Million Six Hundred Twenty Thousand Dollars ($15,620,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing and equipping additions to and remodeling, furnishing and refurnishing, and equipping and re-equipping existing school buildings; acquiring and installing instructional technology; purchasing school buses; and developing, improving and equipping playgrounds and sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2013 is 4.08 mills ($4.08 on each $1,000 of taxable valuation, which would cause the school district’s total bond millage levy to increase by 2.99 mills. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-one (21) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 5.89 mills ($5.89 on each $1,000 of taxable valuation). The school district currently has $745,000 of qualified bonds outstanding and $0 of qualified loans currently outstanding under the State School Bond Qualification and Loan Program. The school district does not expect to obtain loans from the program to repay these bonds. The estimated computed millage rate may change based on changes in certain circumstances. (Pursuant to State law, expenditure of bond proceeds must be audited, and the proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
MATTAWAN CONSOLIDATED SCHOOL OPERATING MILLAGE RENEWAL PROPOSAL This proposal will allow the school district to continue to levy the statutory rate of 18 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its revenue per pupil foundation allowance. Shall the limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Mattawan Consolidated School, Van Buren and Kalamazoo Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for the year 2013, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2013 is approximately $1,800,000 (this is a renewal of millage which expired with the 2012 tax levy)?
