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Proposal Text
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Shall the limitation on the amount of taxes which may be assessed against all property in Climax-Scotts Community Schools, Kalamazoo and Calhoun Counties, Michigan, be increased by and the board of education be authorized to levy not to exceed 1.25 mills ($1.25 on each $1,000 of taxable valuation) for a period of 4 years, 2008 to 2011, inclusive, to create a sinking fund for the purchase of real estate for sites for, and the construction or repair of, school buildings and all other purposes authorized by law; the estimate of the revenue the school district will collect if the millage is approved and levied in 2008 is approximately $136,980?
Shall Colon Community Schools, St. Joseph, Branch and Kalamazoo Counties, Michigan, borrow the sum of not to exceed Twenty Million One Hundred Fifteen Thousand Dollars ($20,115,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of: erecting, furnishing and equipping additions to and remodeling, refurnishing and re-equipping school district buildings; acquiring and installing edicational technology improvements and developing and improving the playground and site? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2008 is 7.55 mills ($7.55 on each $1,000 of taxable valuation). the maximum number of years the bonds may be outstanding, exclusive on any refunding, will not exceed thirty (30) years. the estimated simple average annual millage anticipated to be required to retire this bond debt is 5.82 mills ($5.82 on each $1,000 of taxable valuation). (Pursuant to State law, expenditure of bond proceeds must be audited, and the proceeds cannot be used for repaor or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
This proposal will allow the school district to continue to levy the statutory rate of 18 mills on all property, except principal residence and other property exempted by law, 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, except principal residence and other property exempted by law, in Mattawan Consolidated School, Van Buren and Kalamazoo Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for the year 2008, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2008 is approximately $2,000,000 (this is a renewal of millage which expired with the 2007 tax levy)?
Shall Plainwell Community Schools, Allegan, Kalamazoo and Barry Counties, Michigan, borrow the sum of not to exceed Twenty-One Million Eight Hundred Forty Thousnad Dollars ($21,840,000) and issue its general obligation unlimited tax bonds therefore, for the purpose of: erecting, furnishing and equipping additions to and remodeling, refurnishing and re-equipping school district buildings; acquiring and installing educational technology improviements; and developing and improving sites? The following is for informational purposes only: Of the 7.00 mills currently being levied for debt, an estimated -0- mill ($0.00 on each $1,000 of taxable valuation) will be allocated to the proposed bonds for a -0- net increase in debt millage. The maximum number of years the bonds may be outstanding, exclusive of any refunding, will not exceed twenty (20) years. The estimated simple average anual millage anticipated to retire this bond debt is 2.67 mills ($2.67 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 ro 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.
This proposal will allow the school district to levy the statutory rate of 18 mills on all property, escept principal residence and other property exempted by law, 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, except principal residence and other property exempted by law, in Vicksburg community Schools, Kalamazoo and St. Joseph Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 5 years, 2008 to 2012, inclusive, to provide funds for operating purposes (17.7517 of the above is a renewal of millage which expired with the 2007 tax levy and .25 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 school district will collect if the millage is approved and levied in 2008 is approximately and levied 2008 is approximately $1,675,000?
Pursuant to state law, the revenue raised by the proposed millage will be collected by the intermediate school district and distributed to local public school districts based on pupil membership count. shall the limitation on the amount of taxes which may be assessed against all property in Kalamazoo Regional Educational Service Agency, Michigan, be increased by 1.5 mills ($1.50 on each $1,000.00 of taxable valuation) for a period of 3 years, 2008, 2009 and 2010, inclusive, to provide operating funds to enhance other state and local funding for local school district ooperating purposes; the estimate of the revenue the intermediate school district will collect if te millage is approved and levied in 2008 is approximately $11,384,594? (This is a renewal of millage which expired with the 2007 tax levy.)
