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Proposal Text
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Shall the currently authorized millage rate limitatiion of 28 mills ($18.00 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property exempted by law, in Otsego Public Schools, Allegan, Kalamazoo and Van Buren Counties, Michigan, be renewed for a period of 10 years, 2015 to 2024, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2015 is approximatly $1,800,000 (this is a renewal of millage which will expire with the 2014 tax levy)?
Shall the limitatation on the amount of taxes which may be assessed against all property except principal residence and other property exempted by law, in Plainwell Community Schools, Allegan, Kalamazoo and Barry Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 12 years, 2015 to 2026, inclusive, to provide funds for operating purposes (17.885 of the above is a renewal of millage which will expire with the 2014 tax levy and .1115 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963); the estimate of the revenue the school district will collect if the millage is approved and levied in 2015 is approximately $1,989,000?
Shall Vicksburg Community Schools, Kalamazoo and St. Joseph counties, Michigan, borrow the sum of not to exceed Fifteen Million Four Hundred Eighty-Five Thousand Dollars ($15,485,000) and issue its general obligation unlimited tax bonds therefo, for the purpose of: remodeling, furnishing and regurnishing, and equipping and re-equipping school district buildings; acquiring, installing and equipping instructional technoilogy for school district buildings, together with related infrastructure improvements; and developing and improving sites? the following is for informational purposes only: the estimated millage that will be levied for the proposed nbonmds in 2014 is 1.5 mills ($1.50 on each $1,000 of taxable valuation). the maximum number of years the bonds may be outstanding for any single series, exclusive of any refunding, is eleved (11) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is .79 mills ($2.79 on each $1,000 of taxable valuation). (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.)
Shall the limitation on the amount of taxes which may be assessed against all property in Kalamazoo Regional Educational Service Agency, Michigan, be increased by 1.5 mills ($1.50 on each $1,000.00) on taxable valuation for a period of 3 years, 2014, 2015 and 2016; to provide opoerating funds to enhance other state and local funding for local school district operating purposes; if approved, the estimate of the revenue the intermediate school district will collect in 2014, is approximately $10,858,962 (this is a renewal of millage which expuired with the 2013 tax levy)?
Shall the current charter limitation on the annual property tax rate for the education of students with a disability in St. Joseph County intermediate School District, Michigan, be increased by .2946 mill ($0.2946 on each $1,000 of taxable valuation), for a period of 20 years, 2014 to 2033, inclusive (this increase will allow the intermediate school district to levy the rate of 2.75 mills previously approved by the electors which has been reduced as required by the Michigan constitution of 1963); the estimate of the revenue the intermediate school district will collect if the millage is approved and levied in 2014 is approximately $633,488 from local property taxes authorized herein?
Shall the limitation on the amount of taxes which may be imposed on taxable property with the Kalamazoo Public Library district be increased in an amount not to exceed 1.1801 mills ($1,1801 on each $1,000.00 of taxable value) for a period of 20 years, beginning in the year 2014 and ending in the year 2033, inclusive, as a renewal of that portion of 1.1926 mills previously authorized by the electors of the Library District in 1995, which has been reduced by the Headlee Amendment to 1.1801 mills, for the purpose of providing funds for Library purposes? It is estimated that 1.1801 mills would raise approximately $3,128,641 when first levied in 2014.
