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Proposal Text
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Shall the Comstock Public Schools, County of Kalamazoo, Michigan, be authorized to levy 2.50 mills to create a sinking fund for the purpose of the construction or repair of school buildings and the improvement and development of sites and for any other purpose which may be permitted by law, by increasing the limitation on the amount of taxes which may be imposed on taxable property in the School District for a period of six (6) years, being the years 2012 to 2017, inclusive? it is estimated that 2.50 mills ($2.50 per $1,000 of taxable valuation) would raise approximately $1,273,272 when first levied in 2012. (Under state law, sinking fund proceed may not be used to pay teacher or administrator salaries.)
