Operating Millage Renewal Proposal -- Byron Center Public Schools

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 Byron Center Public Schools, Kent County, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 10 years. 2008 to 2017, 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 2008 is approximately $6,287,028 (this is a renewal of millage which expired with the 2007 tax levy)?