CALEDONIA COMMUNITY SCHOOLS PROPOSAL -- OPERATING MILLAGE RENEWAL

This proposal will allow the school district to continue to levy the statutory rate of 18 mills on all property except principal residence and qualified agricultural property 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, exempting therefrom principal residence and qualified agricultural property as defined by law, in Caledonia Community Schools, Kent, Allegan and Barry Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000.00 of taxable valuation) for a period of 5 years, 2006 to 2010, 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 2006 is approximately $10,222,141 (this is a renewal of millage which expired with the 2005 tax levy)?