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Proposal Text
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OPERATING MILLAGE PROPOSAL 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. 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 Saint Louis Public Schools, Gratiot, Midland and Isabella Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 4 years, 2013 to 2016, inclusive, to provide funds for operating purposes (17.7440 mills of the above is a renewal of millage which will expire with the 2013 tax levy and .2560 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963 and will be levied only to the extent necessary to restore that reduction); the estimate of the revenue the school district will collect if the millage is approved and levied in 2013 is approximately $818,363?
OPERATING MILLAGE PROPOSAL This proposal will allow the school district to levy the statutory millage 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 Ovid-Elsie Area Schools, Clinton, Shiawassee, Saginaw and Gratiot Counties, Michigan, be increased by 17.9694 mills ($17.9694 on each $1,000 of taxable valuation) for a period of 11 years, 2014 to 2024, inclusive, to provide funds for operating purposes (17.4694 mills of the above is a renewal of millage which will expire with the 2013 tax levy and 0.5000 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963); the estimate of the revenue the school district will collect if the millage is approved and levied in 2014 is approximately $638,242?
