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Proposal Text
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Shall Hamilton Township enact a millage rate of 0.75 mills ($0.75 per $1,000.00 of taxable value) in the tax limitation imposed under Article IX, Section 6 of the Michigan Constitution and levy it for three years, 2017, 2018, and 2019 inclusive, for fire protection and rescue services? The estimated amount of revenue that will be collected in the first year that the millage is authorized and levied is $18,303.
Shall Hamilton Township enact a millage rate of 3 mills ($3.00 per $1,000.00 of taxable value) in the tax limitation imposed under Article IX, Section 6 of the Michigan Constitution and levy it for three years, 2017, 2018, and 2019 inclusive, for the purpose of constructing, maintaining (including dust control), repairing and replacing streets, roads and bridges within the township? The estimated amount of revenue that will be collected in the first year that the millage is authorized and levied is $73,213.
Shall the limitation on the amount of taxes which may be assessed against all property in the City of Alma, County of Gratiot, State of Michigan, be increased by 2.5 mills ($2.50 on each $1,000.00) on state taxable value for a period of six years, 2017 through 2022, inclusive, for the rehabilitation, repair and maintenance of public streets and ancillary public infrastructure within the corporate limits of the City of Alma?
Shall Ashley Community Schools, Gratiot and Saginaw Counties, Michigan, borrow the sum of not to exceed Two Million Two Hundred Forty Thousand Dollars ($2,240,000) and issue its general obligation unlimited tax bonds therefor for the purpose of remodeling the school building; purchasing school buses; and developing and improving the site? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2017, under current law is 1.40 mills ($1.40 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 3.11 mills ($3.11 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 $669,818 and the estimated total interest to be paid thereon is $1,663,689. The estimated duration of the millage levy associated with that borrowing is 24 years and the estimated computed millage rate for such levy is 8.40 mills. The estimated computed millage rate may change based on changes in certain circumstances. The total amount of qualified bonds currently outstanding is $3,390,000. The total amount of qualified loans currently outstanding is approximately $1,131,306. (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 Carson City-Crystal Area Schools, Montcalm, Gratiot, Ionia and Clinton 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 $1,103,112 (this is a renewal of millage that will expire with the 2016 tax levy)?
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 Saint Louis Public Schools, Gratiot, Midland and Isabella Counties, Michigan, be renewed for a period of 8 years, 2017 to 2024, 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 $962,867 (this is a renewal of millage that will expire with the 2016 tax levy)?
