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Proposal Text
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STREET AND SIDEWALK MILLAGE PROPOSAL This proposal renews and restores previously authorized millage for street and sidewalk purposes that expired with the 2005 tax levy. Shall the limitation on the amount of taxes which may be assessed against all property in the Village of Bellevue, County of Eaton, State of Michigan be increased by and the Village Council be authorized to levy 3 mills ($3.00 on each $1,000.00 of taxable valuation) for a period of 5 years, 2006 to 2010, inclusive, to provide additional funds for the maintenance and improvement of Village streets and sidewalks (2.8830 mills of the above is a renewal of millage which expired with the 2005 tax levy and .1170 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963); the estimate of the revenue the Village will collect if the millage is approved and levied in 2006 is approximately $53,573.70?
CHARLOTTE PUBLIC SCHOOLS OPERATING MILLAGE PROPOSAL EXEMPTING PRINCIPAL RESIDENCE AND QUALIFIED AGRICULTURAL PROPERTY This proposal will allow the school district to continue to levy the statutory rate 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 Charlotte Public Schools, Eaton County, Michigan, be increased by 18 mills ($18.00 on each $1,000.00 of taxable valuation) for a period of 10 years, 2006 to 2015, inclusive, to provide funds for operating purposes (17.9604 mills of the above is a renewal of millage which expired with the 2005 tax levy and .0306 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963); if approved, the estimate of the revenue the school district will collect the first year of levy, 2006, is approximately $2,400,000?
For purpose of acquiring, installing and equipping technology for school facilities; erecting, furnishing and equipping additions to, and partially remodeling, furnishing and refurnishing, equipping and re-equipping school facilities; constructing, equipping, developing and improving physical ducation/athletic fields and facilities; improving and equipping playgrounds; developing and improving sites; and acquiring school buses? The estimated millage that will be levied for the proposed bonds in 2006, under current law, is 2.07 mils for the net increase of 1.91 mills. The maximum of number of years the bonds may be outstanding, exclusive of any refunding, will not exceed thirty (30) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.76 mills.
OPERATING MILLAGE PROPOSAL EXEMPTING PRINCIPAL RESIDENCE AND QUALIFIED AGRICULTURAL PROPERTY This proposal will allow the school district 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 there from principal residence and qualified agricultural property as defined by law, in Olivet Community School, Eaton and Calhoun Counties, Michigan, be increased by 18.5 mills ($18.50 on each $1,000.00 of taxable valuation) for a period of 10 years, 2006 to 2015, inclusive, to provide funds for operating purposes (18.126 mills of the above is a renewal of millage which expired with the 2005 tax levy and .374 mill is a restoration of 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); the estimate of the revenue the school district will collect if the millage is approved and levied in 2006 is approximately $551,059?
Headlee Override Millage Proposal Shall the City of Potterville, Eaton County, Michigan, be authorized to levy additional ad valorem taxes against taxable property in the city for a one (1) year period of time at a rate of Two and 50/100 Dollars ($2.50) per thousand dollars ($1,000) (2.5 mills) of the State Taxable Valuation on all taxable property in the city, which amount shall be in excess of the limitation imposed by MCL 211.34d, for the purpose of providing additional revenues for the general operating budget of the City? If approved and levied in its entirety, this millage would raise an estimated $95,500 for the City in 2006.
PROPOSED AMENDMENT BY INITIATIVE PETITION TO SECTION 6.05(d) OF THE POTTERVILLE CITY CHARTER Statement of Purpose The proposed amendment to section 6.05(d) of the city charter provides for a reduction in the maximum annual city budget tax levy beyond what is imposed by the Headlee Amendment. It would reduce the tax levy using a reduction factor based upon 80% of new taxable additions for five years and by 50% of new taxable additions thereafter. Using fiscal year 2005, adoption of this amendment would have resulted in a revenue loss of $25,380. A Potterville home with a taxable value of $50,000 would have saved $33 in taxes. Ballot Question Shall section 6.05(d) of the charter be amended as proposed?
