Proposal Text

KISD Special Education Millage Proposal -- KISD Special Education Millage Proposal

This proposal will increase the levy by the intermediate school district of special education millage previously approved by the electors. All or a portion of the revenues will be distributed to local school districts in the intermediate school district to reimburse costs for special education programs and services. Shall the original millage limitation on the annual property tax previously approved by the electors of Kent Intermediate School District, Michigan, which has been reduced by the

FOREST HILLS MILLAGE PROPOSAL -- FOREST HILLS MILLAGE PROPOSAL

Shall the limitation on the amount of taxes which may be assessed against all property in Forest Hills Public Schools, Kent County, Michigan, be increased by and the board of education be authorized to levy not to exceed 1 mill ($1.00 on each $1,000.00 of taxable valuation) for a period of 20 years, 2004 to 2023, inclusive, for the purpose of providing funds for operating a system of public recreation and playgrounds; if the millage is approved, the estimate of the revenue the school district will collect in the first year of levy, 2004, is approximately $2,500,000?

FOREST HILLS BONDING PROPOSAL -- FOREST HILLS BONDING PROPOSAL

Shall Forest Hills Public Schools, Kent County, Michigan, borrow the sum of not to exceed Twenty-Eight Million Eight Hundred Thousand Dollars ($28,800,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing and equipping an addition or additions to and/or partially remodeling, refurnishing and re-equipping existing school facilities; constructing and equipping an athletic stadium; acquiring and installing educationsl technology; purchasing buses; developing and improving outdoor athletic facilities and sites? The following is for information purposes only: The estimated millage that will be levied for the proposed bonds in 2004 is .6 mill ($0.60 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, will not exceed twenty (20) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is .68 mill ($0.68 on each $1,000 of taxable valuation).