 |
 |
Proposal Text
|
|
OPERATING MILLAGE RENEWAL PROPOSAL This proposal will allow the school district to continue 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 Ashley Community Schools, Gratiot and Saginaw Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 2 years, 2009 and 2010, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2009 is approximately $131,562 (this is a renewal of millage which expired with the 2008 tax levy)?
