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Proposal Text
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Shall Athens Area Schools, Calhoun, Branch, Kalamazoo and St. Joseph Counties, Michigan, borrow the sum of not to exceed Two Million Nine Hundred Twenty-Five Thousand Dollars ($2,925,000) 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, furnishing, refurnishing, equipping and re-equipping existing school facilities, in part for acquiring and installing educational technology; and developing and improving sites? The following is for information purposes only: The estimated millage that will be levied for the proposed bonds in 2005, under current law, is 4.50 mills ($4.50 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, will not exceed six (6) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 4.49 mills ($4.49 on each $1,000 of taxable valuation). (Pursuant to State law, expenditure of bond proceeds must be audited, and the proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
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 Marshall Public Schools, Calhoun County, Michigan, be increased by 18 mills ($18.00 on each $1,000.00 of taxable valuation) for the year 2005, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2005 is approximately $2,815,000 (this is a renewal of millage which expired with the 2004 tax levy)?
Shall the limitation on the amount of taxes which may be assessed against all property in Bellevue Community Schools, Eaton, Barry and Calhoun Counties, Michigan, be increased by and the board of education be authorized to levy not to exceed 1.977 mills ($1.977 on each $1,000.00 of taxable valuation) for the year 2005, to provide for a sinking fund for the purchase of real estate for sites for, and the construction or repair of, school buildings; the estimate of the revenue the school district will collect if the millage is approved and levied in 2005 is approximately $213,144?
Shall the limitation on the amount of taxes which may be assessed against all property in Bellevue Community Schools, Eaton, Barry and Calhoun Counties, Michigan, be increased by and the board of education be authorized to levy millage on all taxable valuation within the school district to create a sinking fund to be used for the purchase of real estate for sites for, and the construction or repair of, school buildings and for all other purposes authorized by law as follows: 3.023 mills ($3.023 on each $1,000.00 of taxable valuation) for the year 2005; 4 mills ($4.00 on each $1,000.00 of taxable valuation) for the year 2006; 3 mills ($3.00 on each $1,000.00 of taxable valuation) for the year 2007; and 2 mills ($2.00 on each $1,000.00 of taxable valuation) for the year 2008; (The estimate of the revenue the school district will collect if the milage is approved and levied in 2005 is approximately $325,916)?
Pursuant to state law, the revenue raised by the proposed millage will be collected by the intermediate school district and distributed to local public school districts based on pupil membership count. Shall the limitation on the amount of taxes which may be assessed against all property in the Kalamazoo Regional Educational Service Agency, Michigan, be increased by 1.5 mills ($1.50 on each $1,000.00 of taxable valuation) for a period of 3 years, 2005, 2006 and 2007, inclusive, to provide operating funds to enhance other state and local funding for local school district operating purposes; the estimate of the revenue the intermediate school district will collect if the millage is approved and levied in 2005 is approximately $9,475,000.00?
