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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, except principal residence and other property exempted by law, in Mattawan Consolidated School, Van Buren and Kalamazoo Counties, Michgian, be increase by 18 mills ($18.00 on each $1,000 of taxable valuation) for the year 2011, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2011 is approximately $2,000,000 (this is a renewal of millage which expired with the 2010 tax levy)?
Shall Mattawan Consolidated School, Van Buren and Kalamazoo Counties, Michiganm, borrow the sum on not to exceed Eighty-Eight Million Dollars ($88,00,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing and equipping two new elementary buuildings and a new maintenance facility; erecting, furnishing and equipping additions to the high school and middle school; partially remodeling, refurnishing and re-equipping schoiol district buildings; acquiring and installing educational technology improvements and developing and improving athletic fields and facilities, play fields, playgrounds and sites? The following is for informational purposes only: the estimated millage that will be levied for the proposed bonds in 2011, under current law, is 3.88 mills ($3.88 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is thirty (30) years. the estimated simple average annual millage anticipated to be required to retire this bond debt is 6.41 mills ($6.41 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 terms 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 the limitation on the amount of taxes which may be assessed against all property in Kalamazoo Regional Educational Service Agency, Michgian, be increased by 1.5 mills ($1.50 on each $1,000 of taxable valuation for a period of 3 years, 2011, 2012 and 2013, to provide operating funds to enhance other state and local funding for local school district operating purposes; if approved, the estimate of the revenue the intermediate school district will collect the first year of levy, 2011, is approximately $11,238,288 (this is a renewal of millage which expired with the 2010 tax levy)?
Shall the 0.5 mill voted increase in the limitation on general ad valorem taxes within Ross Township imposed under Article 9, Section 6 of the Michigan Constuitution, approved for levy in 2005-2010, as reduced by the required millage rollbacks to 0.4664 mill, be renewed at 0.4664 mill ($0.4664 per $1,000.00 of taxable value) and levied for four years (2011 through 2014, inclusive) on all taxable real property in the township, including the portion of the Village of Augusta within Ross Township, for disbursement to Ross Township for the purpose of operating and maintaining fire protection services and related emergency services provided by the Augusta-Ross Township Fire Department, including the purchasew of vehicles, apparatus, and equipment, thereby raising an estimated $136,386.58 in the first year the millage renewal is levied?
