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Proposal Text
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Shall the expired previous voted increases in the tax limitations imposed under Article IX, Sec. 6 of the Michigan Constitution in Troy Township of 1.50 mills ($1.50 per $1,000 of taxable value), reduced to 1.4674 mills by the required millage rollbacks, be increased to and renewed at the original voted 1.50 mills ($1.50 per $1,000 of taxable value) and levied for 6 years, 2007 through 2012 inclusive, for providing fire protection services, raising an estimated $14,765.00 in the first year the millage is levied?
Shall the Newaygo Area District Library 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 1.7 mills ($1.70 for each $1,000 of taxable value), beginning in 2007 and continuing in perpetuity, to provide funds for all Library purposes authorized by law? This millage would raise an estimated $366,085 if the millage is approved and levied by the Library in the first year of the levy. To the extent required by law, a portion of the total revenues from the tax levy (approximately 19.5% in the first year of the levy) will be captured within the districts of and disbursed to the City of Newaygo Local Development Finance Authority and the City of Newaygo Tax Increment Finance Authority.
