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Proposal Text
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BLOOMINGDALE PUBLIC SCHOOL DISTRICT NO. 16 OPERATING MILLAGE RENEWAL PROPOSAL 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 Bloomingdale Public School District No. 16, Van Buren and Allegan 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 $1,345,245 (this is a renewal of millage which expired with the 2010 tax levy)?
GOBLES PUBLIC SCHOOLS OPERATING MILLAGE RENEWAL PROPOSAL 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 Gobles Public Schools, Van Buren and Allegan 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 $674,817 (this is a renewal of millage which expired with the 2010 tax levy)?
SOUTH HAVEN PUBLIC SCHOOLS BONDING PROPOSAL Shall South Haven Public Schools, Van Buren and Allegan Counties, Michigan, borrow the sum of not to exceed Forty-Seven Million Five Hundred Thousand Dollars ($47,500,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing and equipping additions to and partially remodeling, furnishing and refurnishing, equipping and re-equipping L.C. Mohr High School; acquiring, installing and equipping educational technology for the high school; constructing, equipping, developing and improving athletic/physical education facilities and playfields; 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 3.32 mills ($3.32 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-five (25) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 3.66 mills ($3.66 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.)
DOWAGIAC UNION SCHOOL DISTRICT OPERATING MILLAGE RENEWAL PROPOSAL 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, Dowagiac Union School District, Cass, Van Buren and Berrien 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 $4,507,000 (this is a renewal of millage which expired with the 2010 tax levy)?
MARCELLUS COMMUNITY SCHOOLS OPERATING MILLAGE RENEWAL PROPOSAL 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 Marcellus Community Schools, Cass, St. Joseph and Van Buren Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period 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 $830,193 (this is a renewal of millage which expired with the 2010 tax levy)?
MATTAWAN CONSOLIDATED SCHOOL OPERATING MILLAGE RENEWAL PROPOSAL 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 Mattawan Consolidated School, Van Buren and Kalamazoo 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 $2,000,000 (this is a renewal of millage which expired with the 2010 tax levy)?
BONDING PROPOSAL Shall Mattawan Consolidated School, Van Buren and Kalamazoo Counties, Michigan, borrow the sum of not to exceed Eighty-Eight Million Dollars ($88,000,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing and equipping two new elementary buildings and a new maintenance facility; erecting, furnishing and equipping additions to the high school and middle school; partially remodeling, refurnishing and re-equipping school 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 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.)
PAW PAW DISTRICT LIBRARY BONDING PROPOSAL Shall the Paw Paw District Library, formed by the Village of Paw Paw and the Paw Paw Public Schools, County of Van Buren, State of Michigan, borrow the sum of not to exceed Two Million Nine Hundred Thousand Dollars ($2,900,000) and issue its general obligation unlimited tax bonds for all or a portion of that amount, payable in not to exceed thirty (30) years from the date of the issue, exclusive of any refunding, for the purpose of acquiring, constructing, furnishing, and equipping a new library facility and related parking and site improvements? The estimated millage that will be levied for the proposed bonds in the first year of the levy is 0.4420 mills ($0.4420 per $1,000 of taxable valuation) and the estimated simple average annual millage rate that will be required to retire the bonds is 0.4412 mills ($0.4412 per $1,000 of taxable valuation).
