East Grand Rapids Public Schools - Proposal II Operating Millage Proposal

This proposal will allow the school district to levy the statutory rate of not to exceed 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 East Grand Rapids Public Schools, Kent County, Michigan, be increased by 2 mills ($2.00 on each $1,000 of taxable valuation) for a period of 4 years, 2016 to 2019, inclusive, to provide funds for operting purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2016 is approximately $64,983 (this millage is to restore millage lost as a result of the reduction required by the Michigan Constitution of 1963 and will be levied only to the extent necessary to restore that reduction)?