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Proposal Text
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Shall the Village of Union City levy a total of 4 mills ($4.00 per $1,000) on taxable value of property located in the Village of Union City for 10 years beginning with the 2012 tax levy year and running through the 2022 tax levy year (inclusive), which will raise in the first year of such tax levy an estimated revenue of $80,535.00 to be used for the specific purpose of continuing to operate the Village of Union City Police Department? If approved this would be a new additional millage.
Shall Gull Lake Community Schools, Kalamazoo, Barry and Calhoun Counties, Michigan, borrow the sum of not to exceed Seven Million Two Hundred Ninety Thousand Dollars ($7,290,000) and issue, in one or more series, its general obligation unlimited tax bonds therefor, for the purpose of: acquiring, installing, and equipping educational technology for school facilities; partially remodeling, furnishing and refurnishing, equipping and re-equipping school facilities, in part, for educational technology improvements; erecting, furnishing and equipping a multi-purpose room addition to Richland Elementary School; and developing and improving sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2012 is .29 mill ($0.29 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 twelve (12) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is .78 mill ($0.78 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 Marshall Public Schools, Calhoun County, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for the year 2012, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2012 is approximately $2,500,000 (this is a renewal of millage which expired with the 2011 tax levy)?
The Proposition A millage will allow the School District to levy not more than the statutory rate of 18 mills against non-homestead and non-qualified agricultural property required for the School District to receive its revenue per pupil foundation guarantee. Shall the limitation on the amount of taxes which may be assessed against all property, excepting homestead and qualified agricultural property in Springport Public School District, Jackson, Eaton, Ingham, and Calhoun Counties, Michigan, be increased by 1.9230 mills ($1.923 on each $1,000 of taxable valuation) for a period of three (3) years, 2012 to 2014, inclusive, to provide funds for operating purposes, such increase being a renewal of 1.9230 mills which expired with the 2011 tax levy (the estimated amount of revenue that will be collected in calendar 2012 if said 1.9320 mills is authorized and levied is $70,681 all of which will be disbursed to Springport Public Schools)?
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 Union City Community Schools, Branch and Calhoun Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 5 years, 2012 to 2016, 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 2012 is approximately $500,000 (this is a renewal of the millage which expired with the 2011 tax levy)?
