Proposal Text

GRAND RAPIDS COMMUNITY COLLEGE --

GRCC Millage Increase

Shall the Grand Rapids Community College be authorized to levy an additional .49 mills (49 cents on each $1,000.00 of taxable valuation) in property tax, without limitation as to number of years, for the purpose of general operations of the College? The original millage limitation on the annual property tax previously approved by the electors of the Grand Rapids Community College district of 1.9 mills has been reduced by the "Headlee" amendment to 1.7865 mills. The amount of revenue raised by the additional levy in the first year is estimated at $9,800,000.

This proposal will increase the levy by the Grand Rapids Community College previously approved by the electors by .49 of one mill for the purpose of general operations of the College. There are 26 local authorities that may capture and use for authorized purposes tax increment revenues from property taxes levied by the Grand Rapids Community College, which will include a portion of the additional levy. The estimated amount of the captured tax increment revenues from such millage increase will be $17,000 in the first year. The tax increment authorities are as follows:

Bowne Township - Alto Downtown Development Authority
Byron Township - Local Development Finance Authority, Downtown Development Authority, Division Avenue Corridor Improvement Authority
Cascade Charter Township - Downtown Development Authority
City of Cedar Springs - Downtown Development Authority, Local Development Finance Authority
City of Grand Rapids - Grand Rapids Downtown Development Authority, Grand Rapids Monroe North-Tax Increment Finance Authority, Grand Rapids Smartzone - Local Development Finance Authority, and Grand Rapids Brownfield Redevelopment Authority
City of Grandville - Downtown Development Authority
Village of Kent City - Downtown Development Authority
City of Lowell - Downtown Development Authority
Village of Middleville - Local Development Finance Authority, Downtown Development Authority
Plainfield Charter Township - Downtown Development Authority, Plainfield Avenue Corridor Improvement Authority
City of Rockford - Downtown Development Authority
Village of Sparta - Downtown Development Authority
City of Walker - Downtown Development Authority, Brownfield Redevelopment Authority
City of Wyoming - Downtown Development Authority, Local Development Finance Authority
Gaines Township - Division Avenue Corridor Improvement Authority
Grand Rapids Township - Plainfield Avenue Corridor Improvement Authority