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Proposal Text
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Shall the previous voted increase in the tax limitation imposed under Article IX, Sec. 6 of the Michigan Constitution in Clarendon Township, of 1.25 mills ($1.25 per $1,000 of taxable value), be renewed at 1.25 mills ($1.25 per $1,000 of taxable value) and levied for 5 years, 2016 through 2020 inclusive, for fire protection, raising an estimated $43,689.50 in the first year the millage is levied of which a portion will be disbursed to such other or fewer local units of government as the Township Board determines appropriate?
Shall Emmett Charter Township, Michigan, borrow the principal sum of not to exceed eleven million two hundred thousand dollars ($11,200,000) and issue its general obligation unlimited tax bonds, in one or more series, and/or partner with Calhoun county to jointly issue bonds in this amount, payable in not to exceed thirteen (13) years from the date of issue of each series, for the purpose of paying the cost of maintenance and improvement of county local roads in the Township, including necessary rights of way and appurtenances and attachments thereto? If approved, the estimated millage to be levied in 2017 is 2.7237 mills ($2.7237 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire this bond is 3.0248 mills ($3.0248 per $1,000 of taxable value).
Shall the tax limitation on general ad valorem taxes within Marshall Township imposed under Article IX, Section 6 of the Michigan Constitution be increased for said Township by 1.5 mills ($1.50 per $1,000 of taxable value) for 2017 through 2026 inclusive for the purpose of acquiring new fire trucks, firefighting equipment, capital improvements and operation expenses of the Marshall Township Fire Department; and shall the Township levy such increase in millage for said purpose, thereby, raising in the first year an estimated $194,981? This is a renewal of a previously approved increase.
Shall the Albion District Library be authorized to levy a tax annually upon the taxable value of all property subject to ad valorem taxation within the district of the Albion District Library in an amount not to exceed 2.5 mills ($2.50 for each $1,000 of taxable value) for a period of ten (10) years, 2017 through 2026, inclusive, to provide funds for all Library purposes authorized by law? The following is for informational purposes: This millage is a renewal of the previously authorized millage of 2.25 mills which will expire following the 2016 levy, and a new additional millage of 0.25 mills, for a total authorized millage of 2.5 mills ($2.50 per $1,000 of taxable value). This millage rate of 2.5 mills will be subject to a Headlee Amendment reduction, if any, in 2017 prior to the first levy in 2017. This millage will raise an estimated $513,400 in 2017, the first year of the levy. To the extent required by law, a portion of the total revenues from the tax levy (approximately 5.8% in the first year of the levy) will be captured within the districts of and disbursed to the City of Albion Downtown Development Authority, the City of Albion Tax Increment Finance Authority, and the City of Albion Brownfield Redevelopment Authority.
This proposal will allow the school district to continue to levy the statutory rate of not to exceed 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 2016 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 Athens Area Schools, Calhoun, Branch, Kalamazoo and St. Joseph Counties, Michigan, be renewed for a period of 5 years, 2017 to 2021, 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 2017 is approximately $803,873 (this is a renewal of millage that will expire with the 2016 tax levy)?
Shall the limitation on the amount of taxes which may be assessed against all property in Athens Area Schools, Calhoun, Branch, Kalamazoo and St. Joseph Counties, Michigan, be increased by and the board of education be authorized to levy not to exceed 3.50 mills ($3.50 on each $1,000 of taxable valuation) for a period of 5 years, 2016 to 2020, inclusive, to create a sinking fund for the construction or repair of school buildings and all other purposes authorized by law; the estimate of the revenue the school district will collect if the millage is approved and levied in 2016 is approximately $571,634?
Shall Pennfield Schools, Calhoun and Barry Counties, Michigan, borrow the sum of not to exceed Eight Million Two Hundred Fifty Thousand Dollars ($8,250,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting additions to, remodeling, installing security measures for, furnishing and refurnishing and equipping and re-equipping school buildings; acquiring and installing instructional technology and instructional technology equipment for school buildings; erecting, furnishing and equipping athletic support buildings; and developing and improving athletic fields and facilities, parking areas, driveways and sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2016, under current law, is 0.75 mill ($0.75 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is thirty (30) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 2.22 mills ($2.22 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 $2,473,318 and the estimated total interest to be paid thereon is $5,581,563. The estimated duration of the millage levy associated with that borrowing is 24 years and the estimated computed millage rate for such levy is 11.35 mills. The estimated computed millage rate may change based on changes in certain circumstances. The total amount of qualified bonds currently outstanding is $25,665,000. The total amount of qualified loans currently outstanding is approximately $8,412,892. (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 not to exceed 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 2016 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 Tekonsha Community Schools, Calhoun and Branch Counties, Michigan, be renewed for a period of 5 years, 2017 to 2021, 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 2017 is approximately $296,880 (this is a renewal of millage that will expire with the 2016 tax levy)?
