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Proposal Text
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May The Rapid (Interurban Transit Partnership) levy a tax of up to 1.47 mills beginning in 2011 for continuation of current services, service improvements based on the Transit Master Plan, and other public transportation purposes? This millage would replace the 1.12 mills approved by the voters in 2007 and would add 0.35 mills. This millage would cover seven years, beginning in the year 2011 and continuing through 2017. It would be levied on the taxable value of all taxable property in The Rapid's district (the six cities of East Grand Rapids, Grandville, Grand Rapids, Kentwood, Walker and Wyoming). The Rapid estimates that this millage would raise $15,596,497 in its first year. Tax increment revenues from this millage will be disbursed to each of the following tax increment authorities: City of Grand Rapids: Brownfield Redevlopment Authority, Downtown Development Authority, Madison Square Corridor Improvement District Authority, Monroe North Tax Increment Finance Authority, Smartzone Local Development Finance Authority, Uptown Corridor Improvement District Authority City of Grandville: Brownfield Redevelopment Authority, Downtown Development Authority City of Kentwood: Brownfield Redevelopment Authority City of Walker: Brownfield Redevelopment Authority, Downtown Development Authority City of Wyoming: Brownfield Redevelopment Authority, Downtown Development Authority, Local Development Finance Authority
Shall the limitation on the amount of taxes which may be assessed against all property in Cedar Springs Public Schools, Kent and Newaygo Counties, Michigan, be increased by and the board of education be authorized to levy not to exceed 1 mill ($1.00 on each $1,000 of taxable valuation) for a period of 10 years, 2011 to 2020, inclusive, to create a sinking fund for 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 2011 is aproximately $509,694?
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 (17.90 mills is a renewal of millage which expired with the 2010 tax levy and .10 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963). 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 Greenville Public Schools, Montcalm, Kent and Ionia Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of of 5 years, 2011 to 2015, 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 2011 is approximately $3,865,750?
Shall Greenville Public Schools, Montcalm, Kent and Ionia Counties, Michigan, borrow the sum of not to exceed Fourteen Million Five Hundred Seventy Thousand Dollars ($14,570,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of: erecting, furnishing and equipping additions to and partially remodeling, furnishing and refurnishing, equipping and re-equipping school facilities; acquiring, installing and equipping technology for school facilities; constructing, equipping, developing and improving athletic/physical education facilities and play fields; and developing and improving 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 .89 mill ($0.89 on each $1,000 of taxable valuation) for a -0- net increase in debt millage. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty (20) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.50 mills ($1.50 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 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.)
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 Tri County Area Schools, Montcalm, Kent and Newaygo Counties, Michigan, be increased 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 $2,086,580 (this is a renewal of millage which expired with the 2010 tax levy)?
Shall Tri County Area Schools, Montcalm, Kent and Newaygo Counties, Michigan, borrow the sum of not to exceed Nine Hundred Forty-Five Thousand Dollars ($945,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: replacing the high school roof; acquiring and installing educational technology in school buildings; remodeling and equipping school buildings; and purchasing school buses? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2011 is .14 mill ($0.14 on each $1,000 of taxable valuation), for a new -0- mill increase from the prior year's levy. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is eight (8) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is .39 mill ($0.39 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 repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
This proposal requests restoration of present and future millage reduced by
Shall the limitation on the amount of taxes which may be assessed against all property in Wyoming Public Schools, Kent County, Michigan, be increased by and the board of education be authorized to levy not to exceed .50 mill ($0.50 on each $1,000 of taxable valuation) for a period of 10 years, 2011 to 2020, inclusive, to create a sinking fund for 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 2011 is approximately $448,000?
