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Proposal Text
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This proposal will allow the school district 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 and renews millage that will expire with the 2009 tax levy. Shall the currently authorized millage rate limitation of 18 mills ($18.00 of each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Rockford Public Schools, Kent County, Michigan, be renewed for a period of 5 years, 2010 to 2014, 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 2010 is approximately $5,000,000 (this is a renewal of millage which will expire with the 2009 tax levy)?
Shall the increase in the Township of Grattan tax rate limitation, currently .9441 mill ($0.9441 per $1,000 of taxable value), be renewed and levied in the years 2009-2012, both inclusive, subject to reduction as provided by law, on taxable property in the Township? The purpose of this millage levy is to provide fire protection within the Township, including the operation of the Township fire department and the acquisition and maintenance of fire and rescue vehicles and apparatus and real property and improvements, used for fire protection purposes. It is estimated that a levy of .9441 mill would provide revenue of $152,015.40 in the first calendar year. The revenue from this millage levy will be disbursed to the Township of Grattan.
Shall the increase in the Township of Grattan tax rate limitation, currently .4720 mill ($0.4720 per $1,000 of taxable value), be renewed and levied in the years 2009-2012, both inclusive, subject to reduction as provided by law, on taxable property in the Township? The purpose of this millage levy is for acquisition of fire and rescue vehicles, apparatus and equipment and real property and improvements for fire department purposes. It is estimated that a levy of .4720 mill would provide revenue of $75,999.65 in the first calendar year. The revenue from this millage levy will be disbursed to the Township of Grattan.
This millage will allow the school district to continue to levy not more than the statutory rate of 18 mills against all property except principal residence and qualified agricultural property required for the school district to receive its revenue per pupil foundation guarantee. Shall the limitation on the amount of taxes imposed upon all property, excluding principal residence and qualified agricultural property, within the school district of Grand Rapids Public Schools, Kent County, Michigan, be increased by up to 19 mills ($19.00 per $1,000 of taxable valuation) for a period of eight (8) years, 2010 through 2017, inclusive, to enable the school district to levy such part of the increase as is necessary to maintain a maximum tax levy of 18 mills ($18,00 per $1,000 of taxable valuation) to provide funds for operating purposes (such increase is estimated to provide revenues of approximately $34,215,000 in the first year of the levy, subject to the tax capture described below, and includes a renewal of previously authorized millage in the amount of 18 mills ($18.00 per $1,000 of taxable valuation) which expired with the 2009 tax levy and a new additional millage of up to 1 mill ($1.00 per $1,000 of taxable valuation) to allow the school district to restore millage lost as a result of the
