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Proposal Text
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EDWARDSBURG PUBLIC SCHOOLS OPERATING MILLAGE RENEWAL PROPOSAL 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. 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 2017, 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 $2,022,650 (this is a renewal of millage that expired with the 2016 tax levy)?
CONSTANTINE PUBLIC SCHOOLS Shall Constantine Public Schools, St. Joseph and Cass Counties, Michigan, borrow the sum of not to exceed One Million Six Hundred Fifty-five Thousand Dollars ($1,655,000) and issue its general obligation unlimited tax bonds therefor for the purpose of: remodeling, furnishing and refurnishing, and equipping and re-equipping school buildings; acquiring, installing, and equipping and re-equipping school buildings for instructional technology; erecting a maintenance/storage building; resurfacing, developing, and improving the running track and tennis courts; and acquiring, developing, and improving sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2017, under current law, is 0.25 mill ($0.25 on each $1,000 of taxable valuation) for a -0- mill net increase over the prior year’s levy. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twelve (12) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 0.53 mill ($0.53 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 $20,280,000. 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.)
WHITE PIGEON COMMUNITY SCHOOLS SINKING FUND MILLAGE RENEWAL PROPOSAL This proposal will allow the school district to continue to levy building and site sinking fund millage previously approved by the electors. Shall the limitation on the amount of taxes which may be assessed against all property in White Pigeon Community Schools, St. Joseph and Cass Counties, Michigan, be increased by and the board of education be authorized to levy not to exceed 3 mills ($3.00 on each $1,000 of taxable valuation) for a period of 5 years, 2017 to 2021, inclusive, to continue to provide for a sinking fund for the construction or repair of school buildings; developing and improving sites; 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 2017 is approximately $960,250 (this is a renewal of millage that expired with the 2016 tax levy)?
