Proposal Text

Albion District Library Millage Proposal -- Addtl tax not to exceed 2.25 mills for 10 years

Shall the Albion District Library, formed by the City of Albion, Albion Township and the Albion Public Schools, Calhoun County, be authorized to levy a new additional tax annually upon the taxable value of all property subject to ad valorem taxation within the Library District in an amount not to exceed 2.25 mills ($2.25 for each $1,000 of taxable value) for a period of ten (10) years, 2007 through 2016, inclusive, to provide funds for all Library purposes authorized by law? This millage would raise an estimated $529,288 if the millage is approved and levied by the Library in the first year of the levy. To the extent required by law, a small portion of the total revenues from the tax levy (approximately 3.0% in the first year of the levy) will be captured within the districts of and disbursed to the Downtown Development Authority of the City of Albion and the Tax Increment Finance Authority of the City of Albion.