Proposal - Dedicated Millage for Veterans Services

Shall Kent County levy .050 mill which is equal to five cents per $1,000 of the taxable value on all Real and Personal Property subject to taxation for the period 2014 through 2021, inclusive, for the purpose of providing dedicated services to veterans of active United States military service and their dependents? The amount raised by the levy in the first year is estimated at $1,001,290. In Kent County there are 27 local authorities that capture and use, for authorized purposes, tax increment revenues from property taxes levied by the County. Such capture could include a portion of this millage levy. The total amount of captured tax increment revenues from such millage in the first calendar year of the levy is an estimated $34,577. The tax increment authorities in Kent County, capturing a portion of this tax levy, include the following: The Downtown Development Authorities of the following: Cascade Charter Township; Cities of Cedar Springs, Grand Rapids, Grandville, Lowell, Rockford, Walker; Villages of Kent City and Sparta. The Brownfield Redevelopment Authorities of the following: Cities of Grand Rapids, Grandville, Kentwood, Walker and Wyoming. The Monroe North Tax Increment Finance Authority and Smart Zone Local Development Authority of the City of Grand Rapids.