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Proposal Text
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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 2014, 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 $1,795,430 (this is a renewal of millage which expired with the 2013 tax levy)?
Shall Marcellus Community Schools, Cass, St. Joseph and Van Buren Counties, Michigan, borrow the sum of not to exceed Twelve Million Eight Hundred Seventy-Five Thousand Dollars ($12,875,000) 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 school buildings; acquiring and installing instructional technology in school buildings; 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 2014, under current law, is 3.73 mills ($3.73 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is eighteen (18) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 5.77 mills ($5.77 on each $1,000 of taxable valuation). The school district does not expect to borrow from the State to pay debt service on the bonds. The total amount of qualified bonds currently outstanding is $350,000. The total amount of qualified loans currently outstanding is $-0-. 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.)
This proposal requests additional millage to permit the continued levy by the intermediate school district of the maximum mills for special education previously approved by the electors. Shall the current charter limitation on the annual property tax rate for the education of students with a disability in St. Joseph County Intermediate School District, Michigan, be increased by .2946 mill ($0.2946 on each $1,000 of taxable valuation), for a period of 20 years, 2014 to 2033, inclusive (this increase will allow the intermediate school district to levy the rate of 2.75 mills previously approved by the electors which has been reduced as required by the Michigan Constitution of 1963); the estimate of the revenue the intermediate school district will collect if the millage is approved and levied in 2014 is approximately $633,488 from local property taxes authorized herein?
Shall White Pigeon Community Schools, St. Joseph and Cass Counties, Michigan, borrow the sum of not to exceed One Million Six Hundred Seventy-Five Thousand Dollars ($1,675,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: acquiring, installing and equipping school facilities for technology;partially remodeling, furnishing and refurnishing, equipping and re-equipping school facilities, in part, for technology and security purposes; and purchasing school buses? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2014 is 1 mill ($1.00 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is five (5) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1 mill ($1.00 on each $1,000 of taxable valuation). The school district does not expect to borrow from the State to pay debt service on the bonds. The total amount of qualified bonds currently outstanding is -0-. The total amount of qualified loans currently outstanding is -0-. 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.)
