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Proposal Text
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A REFERENDUM OF PUBLIC ACT 520 OF 2012, ESTABLISHING A HUNTING SEASON
FOR WOLVES AND AUTHORIZING ANNUAL WOLF HUNTING SEASONS
Public Act 520 of 2012 would:
A REFERENDUM OF PUBLIC ACT 21 OF 2013, GRANTING THE NATURAL RESOURCES
COMMISSION THE POWER TO DESIGNATE WOLVES AND CERTAIN OTHER ANIMALS AS
GAME WITHOUT LEGISLATIVE ACTION
Public Act 21 of 2013 would:
This proposal is for a reauthorization of a millage which expired with the 2015 tax levy. Shall the tax limitation on general ad valorem taxes within the City of Grant (the “City”) imposed under Section 9.1 of the City Charter be renewed to 1.00 mill ($1.00 per $1,000 of taxable value) on taxable real and personal property within the City for a period of four years (to expire after the July 1, 2019 tax levy), to provide funds to pay the operating and capital costs of providing fire protection and emergency services, and shall the City levy the renewal in millage for this purpose, thereby raising an estimated $15,685 in year one of this levy? This proposal will allow the City of Grant to continue to levy the previously approved millage levied by the City for fire protection. The resulting millage can be calculated by multiplying the taxable value of a property times 0.001.
This proposal is for a reauthorization of a millage which expired with the 2015 tax levy. Shall the tax limitation on general ad valorem taxes within the City of Grant (the “City”) imposed under Section 9.1 of the City Charter be renewed to 1.00 mill ($1.00 per $1,000 of taxable value) on taxable real and personal property within the City for a period of four years (to expire after the July 1, 2019 tax levy), to provide funds to pay the costs of providing public safety and police protection, and shall the City levy the renewal in millage for this purpose, thereby raising an estimated $15,685 in year one of this levy? This proposal will allow the City of Grant to continue to levy the previously approved millage levied by the City for public safety and police protection. The resulting millage can be calculated by multiplying the taxable value of a property times 0.001.
Shall the total tax rate limitation imposed under Article IX, Sec. 6 of the Michigan Constitution on the amount of general ad valorem taxes within Troy Township be increased by 0.5 mill ($0.50 per $1,000 of taxable value) annually for four (4) years, 2015 through 2018, inclusive, to provide funds for general operating and all other Township purposes, and shall Troy Township be authorized to levy such new additional millage for said purposes on all taxable property, raising an estimated $4,775.00 in the first year of the levy?
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 Cedar Springs Public Schools, Kent and Newaygo Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 10 years, 2015 to 2024, inclusive, to provide funds for operating purposes (17.9874 mills of the above is a renewal of millage which will expire with the 2014 tax levy and .0126 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 2015 is approximately $2,091,000?
Shall White Cloud Public Schools, Newaygo County, Michigan, borrow the sum of not to exceed One Million Four Hundred Twenty Thousand Dollars ($1,420,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of purchasing school buses? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2015, under current law, is 0.61 mill ($0.61 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is six (6) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 6.54 mills ($6.54 on each $1,000 of taxable valuation). The school district expects to borrow from the State School Bond Qualification and Loan Program to pay debt service on these bonds. The estimated total principal amount of that borrowing is $1,165,042 and the estimated total interest to be paid thereon is $745,181. The estimated duration of the millage levy associated with that borrowing is 20 years and the estimated computed millage rate for such levy is 8.86 mills. The estimated computed millage rate may change based on changes in certain circumstances The total amount of qualified bonds currently outstanding is $14,770,000. The total amount of qualified loans currently outstanding is approximately $6,124,614. (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.)
Shall White Cloud Public Schools, Newaygo County, Michigan, borrow the sum of not to exceed Four Million Two Hundred Five Thousand Dollars ($4,205,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: acquiring and installing educational technology and educational technology equipment for school buildings; partially remodeling, furnishing and refurnishing and equipping and re-equipping school buildings; and improving a playground? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2015, under current law, is 0.96 mill ($0.96 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is fifteen (15) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.97 mills ($1.97 on each $1,000 of taxable valuation). The school district expects to borrow from the State School Bond Qualification and Loan Program to pay debt service on these bonds. The estimated total principal amount of that borrowing is $1,769,625 and the estimated total interest to be paid thereon is $3,531,919. The estimated duration of the millage levy associated with that borrowing is 22 years and the estimated computed millage rate for such levy is 9.21 mills. The estimated computed millage rate may change based on changes in certain circumstances. The total amount of qualified bonds currently outstanding is $14,770,000. The total amount of qualified loans currently outstanding is approximately $6,124,614. (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 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 2014 tax levy. Shall the currently authorized millage rate limitation of 18 mills ($18.00 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 Tri County Area Schools, Montcalm, Kent and Newaygo Counties, Michigan, be renewed for a period of 4 years, 2015 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 2015 is approximately $661,310 (this is a renewal of millage which will expire with the 2014 tax levy)?
Shall the currently authorized charter millage rate limitation on the amount of taxes which may be assessed against all property in Montcalm Community College, Michigan, which will expire with the 2015 tax levy, be renewed by not more than 1.1823 mills ($1.1823 on each $1,000.00 of taxable valuation) for a period of 10 years, 2016 to 2025, inclusive, to be used for all purposes authorized by law; if approved, the estimate of the revenue the community college will collect the first year of levy, 2016, is approximately $2,575,684?
