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Proposal Text
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This proposal will enable 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 per pupil foundation allowance. Shall the limitation on the amount of taxes which may be assessed against all property, excepting therefrom principal residence and qualified agricultural property as defined by law, in Big Jackson School District, Newaygo County, Michigan, be increased by 2.8714 mills ($2.8714 on each $1,000 of taxable valuation) for a period of 3 years, 2006 to 2008, both 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 $24,000 (this millage is to restore 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)?
Shall the limitation on the amount of taxes which may be assessed against all taxable property in the Big Jackson School District be increased by 3 mills ($3 per $1,000 of all taxable value) for a period of 4 years, from 2006 to 2009, both inclusive, for the purpose of levying a Sinking Fund Tax to be used for Building and Site purposes? The estimated revenue the school distsrict will collect if the millage is approved is approximately $50,000 in the first year it is levied. (2.7065 mills of the above is a renewal of millage that expired with the 2004 tax levy and .2935 mill is to restore millage lost as a result of the reduction required by the Michigan Constitution of 1963.)
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 Grant Public Schools, Newaygo, Kent and Muskegon Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000.00 of taxable valuation) for the year 2006, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage if approved and levied in 2006 is approximately $816,268 (this is a renewal of millage which expired with the 2005 tax levy)?
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 Newaygo Public School District, Newaygo County, Michigan, be increased by 18 mills ($18.00 on each $1,000.00 of taxable valuation) for the year 2006, 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 $2,080,000 (this is a renewal of millage which expired with the 2005 tax levy)?
Shall the White Cloud Community Library, formed by the White Cloud Schools, City of White Cloud, Everett Township and Merrill Township, County of Newaygo, Michigan, borrow the sum of not to exceed Two Million One Hundred Forty Five Thousand Dollars ($2,145,000) and issue its general obligation unlimited tax bonds therefor, payable in not to exceed twenty (20) years from date of issuance, for the purpose of paying all or part of the costs of acquiring land, constructing, furnishing and equipping a new library building, and improving the sites therefor? The estimated millage to be levied in 2006 is .92 mill ($.92 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is .78 mill ($.78 per $1,000 of taxable value).
