 |
 |
Proposal Text
|
|
Cassopolis 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 and renews millage that will expire with the 2013 tax levy. Shall the currently authorized millage rate limitation of 19.734 mills($19,734 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Cassopolis Public Schools, Cass County, Michigan, be renewed for a period of 5 years, 2014 to 2018, 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 2014 is approximately $3,095,195(this is a renewal of millage which will expire with the 2013 tax levy; and 1.734 mills of the total 19.734 mills is authorized only to restore any millage lost as a result of a reduction that may be required by the Michigan Constitution of 1963 and will be levied only to the extent necessary to restore that reduction)?
Edwardsburg 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 Edwardsburg Public Schools, Cass County, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for the year 2013, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2013 is approximately $1,650,606 (this is a renewal of millage which expired with the 2012 tax levy)?
Marcellus Community Schools BONDING PROPOSAL Shall Marcellus Community Schools, Cass, St. Joseph and Van Buren Counties, Michigan, borrow the sum of not to exceed Fifteen Million Six Hundred Twenty Thousand Dollars ($15,620,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing, and equipping additions to and remodeling, furnishing and refurnishing, and equipping and re-equipping existing school buildings; acquiring and installing instructional technology; purchasing school buses; and developing, improving and equipping playgrounds and sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2013 is 4.08 mills ($4.08 on each $1,000 of taxable valuation, which would cause the school district’s total bond millage levy to increase by 2.99 mills. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-one (21) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 5.89 mills ($5.89 on each $1,000 of taxable valuation). The school district currently has $745,000 of qualified bonds outstanding and $0 of qualified loans currently outstanding under the State School Bond Qualification and Loan Program. The school district does not expect to obtain loans from the program to repay these bonds. The estimated computed millage rate may change based on changes in certain circumstances. (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.)
White Pigeon 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 and renews millage that will expire with the 2013 tax levy. The remaining 1.4828 mills is only available to be levied to restore millage lost as a result of the reduction required by the “Headlee” amendment to the Michigan Constitution of 1963 and will only be levied to the extent necessary to restore that reduction. Shall the currently authorized millage rate limitation of 19.4828 mills ($19.4828 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in White Pigeon Community Schools, St. Joseph and Cass Counties, Michigan, be renewed for a period of 5 years, 2014 to 2018, 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 2014 is approximately $2,847,975 (this is a renewal of millage which will expire with the 2013 tax levy)?
Three Rivers Community Schools Operating Millage Proposal This proposal will allow the school district to levy that statutory rate of 18n 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. The remaining .2242 mill is only available to be levied to restore millage lost as a result of the reduction required by the “Headlee” amendment to the Michigan Constitution of 1963 and will only be levied to the extent necessary to restore that reduction. Shall the currently authorized millage rate limitation of 17.7242 mills ($17.7242 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Three Rivers Community Schools, St. Joseph and Cass Counties, Michigan, be renewed, and increased by .5 mill($0.50 on each $1,000 of taxable valuation), for a total authorized millage rate limitation of 18.2242 mills($18.2242 on each $1,000 of taxable valuation), for a period of 20 years, 2014 to 2033, inclusive, to provide funds for operating purposes(17.7242 mills of the above is a renewal of millage which will expire with the 2013 tax levy, and .5 mill is an increase of millage which will be levied only to the extent necessary to restore 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 $3,760,596
