East Grand Rapids Public Schools - Proposal I. Operating Millage Renewal Proposal

This proposal will allow the school district to continue to levy the statutory rate of not to exceed 18 mils 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 East Grand Rapids Public Schools, Kent County, Michigan, be increased by 17.1531 mills ($17.1531 on each $1,000 of taxable valuation) for a period of 4 years, 2016 to 2019, 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 2016 is approximately $1,316,158 (this is a renewal of millage that expired with the 2015 tax levy)?