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Proposal Text
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To renew 0.9721 mill levy (97.21¢ per $1,000 of taxable value) for the construction and maintenance of local public roads in Albion Township for a period of five (5) years from 2008 through 2012. Shall the previous voted increase in the tax limitation imposed under Article IX, Sec. 6 of the Michigan Constitution in Albion Township, of 1 mill ($1.00 per $1,000 of taxable value), reduced to 0.9721 mill (97.21¢ per $1,000 of taxable value) by the required millage rollbacks, be renewed at 0.9721 mill (97.21¢ per $1,000 of taxable value) and levied for five (5) years, 2008 through 2012 inclusive, for the purpose of constructing and maintaining local public roads in Albion Township, raising an estimated $39,029 in 2008?
Shall Burlington Township impose an increase of up to 1.5 mills ($1.50 per $1,000 of taxable value) in the tax limitation imposed under Article IX, Section 6 of the Michigan Constitution and levy it for 20 years, 2008 through 2027 inclusive, for the purpose of financing the construction of a new combined Burlington Village/Burlington Township library, meeting hall, offices, fire station and equipment storage building, which 1.5 mills increase will raise an estimated $69,239 in the first year the millage is levied. If approved, this would authorize a new additional millage.
Shall the Fredonia Township Board of Trustees levy One and One Half (1.5) mills, which will generate Eighty Thousand Eight Hundred Sixty Six Dollars (80,866.00) for one year, to purchase, install and operate three (3) Disaster Sirens in the Township?
Shall the previous voted increase in the tax limitation imposed under Article IX, Section 6 of the State of Michigan Constitution on General Ad Valorem taxes within Pennfield Township be renewed at three (3) mils ($3.00 per $1,000.00 of taxable value) for the period of 2008, 2009 and 2010 inclusive, with revenues from this millage to be disbursed by Pennfield Township for purposes of Police and Fire protection, and shall Pennfield Township levy such renewal in millage for said purpose, thereby raising in the first year of levy an estimated $685,000.00?
Shall Lakeview School District, Calhoun County, Michigan, borrow the sum of not to exceed Fifty-Five Million Four Hundred Sixty Thousand Dollars ($55,460,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing and equipping two new elementary schools, acquiring and installing educational technology improvements and developing and improving sites and playgrounds? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2008, under current law, is 2.20 mills ($2.20 on each $1,000 of taxable valuation). The maximum 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 3.45 mills ($3.45 on each $1,000 of taxable valuation). If the school district borrows from the State to pay debt service on the bonds, the school district may be required to continue to levy mills beyond the term of the bonds to repay the State. (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.)
Shall Marshall Public Schools, Calhoun County, Michigan, borrow the sum of not to exceed Thirty-Five Million Three Hundred Forty Thousand Dollars ($35,340,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: remodeling, refurnishing, equipping and re-equipping existing school facilities; acquiring, installing, equipping and re-equipping school facilities for educational technology improvements; erecting, furnishing and equipping additions to the high school, including kitchen/cafeteria and music suite expansion and an auditorium; and developing and improving sites, including playgrounds, playfields and outdoor physical education and athletic facilities? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2008, under current law, is 2.55 mills ($2.55 on each $1,000 of taxable valuation). The maximum 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 3.38 mills ($3.38 on each $1,000 of taxable valuation). If the school district borrows from the State to pay debt service on the bonds, the school district may be required to continue to levy mills beyond the term of the bonds to repay the State. (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.)
