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Proposal Text
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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 Fremont Public Schools, Newaygo, Muskegon and Oceana 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; the estimate of the revenue the school district will collect if the millage is approved and levied in 2008 is approximately $2,640,000 (this is a renewal of millage which expired with the 2007 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 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 Grant Public Schools, Newaygo, Kent and Muskegon 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 $904,674 (this is a renewal of millage which expired with the 2007 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 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 Newaygo Public School District, Newaygo County, 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 $2,527,550 (this is a renewal of millage which expired with the 2007 tax levy)?
Shall the White Cloud Community Library, formed by the City of White Cloud, Everett Township, Merrill Township and White Cloud Schools, borrow the sum of not to exceed Two Million One Hundred Thirty Thousand Dollars ($2,130,000) and issue its general obligation unlimited tax bonds therefor, payable in not to exceed thirty (30) years from date of issuance, for the purpose of paying all or part of the costs of acquiring land, constructing, furnishing and equipping a new library building, and improving the sites therefor? The estimated millage to be levied in 2008 is .50 mills ($.50 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is .44 mills ($.44 per $1,000 of taxable value).
