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Proposal Text
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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 Grant Public Schools, Newaygo, Kent and Muskegon Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 3 years, 2011, 2012 and 2013, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2011 is approximately $854,000 (this is a renewal of millage which expired with the 2010 tax levy)?
Shall the Grant Area District Library, Newaygo County, Michigan, levy a new additional millage annually in an amount not to exceed 0.8658 mills ($0.8658 for each $1,000 of taxable value), on the taxable value of all taxable property in the portion of Ensley Township presently outside the Grant Area District Library district, beginning in 2011 and continuing in perpetuity in order to provide library funds for the Grant Area District Library? The following is for informational purposes: The approval of this proposal is necessary to permit Ensley Township (the “Township”) to become a participating municipality of the Grant Area District Library (the “Library”) and for portions of the Township not presently within the jurisdictional limits of the Library’s district to be added to the Library’s district. The proposal, if approved, would require the taxpayers of the portion of the Township to be added to the Library’s district to pay the Library’s millage at the same millage rate as other taxpayers in the Library’s district but will only become effective if the Grant Area District Library Building Bond Proposal is also approved by voters. This millage (0.8658 mills) is the current maximum millage rate of the Library as permanently reduced by millage rollbacks required by the Headlee Amendment from the millage rate originally authorized by Library voters in 2002. If approved, this millage would raise an estimated $39,495 in the first year it is levied in the portion of the Township to be added to the Library’s district.
Shall the Grant Area District Library, originally formed by the City of Grant, Township of Ashland, Township of Grant, and the Grant Public Schools, County of Newaygo, State of Michigan, levy a new additional millage annually for a period of seventeen (17) years, 2011 to 2027, inclusive, on all taxable property in the portion of Ensley Township presently outside the Grant Area District Library district in an unlimited amount which, together with amounts levied in the other territory included in the Grant Area District Library district, is required to pay the principal of and interest on the Grant Area District Library’s Library Building and Site Bonds, Series 2003, which were originally issued in the amount of $2,100,000, with a final maturity of August 1, 2028, for the purpose of financing the acquisition, construction, and furnishing of a building for library purposes, the acquisition of the site for the building, and the acquisition and installation of equipment necessary for the operation of the library building? The following is for information purposes: The approval of this proposal is necessary to permit Ensley Township (the “Township”) to become a participating municipality of the Grant Area District Library (the “Library”) and for portions of the Township not presently within the jurisdictional limits of the Library’s district to be added to the Library’s district. The proposal, if approved, would require the taxpayers of the portion of the Township to be added to the Library’s district to pay the Library’s building bond millage at the same millage rate as other taxpayers in the Library’s district, but will only become effective if the Grant Area District Library Millage Proposal is also approved by the voters. If approved and levied, it is estimated that 0.58 mills ($0.58 for each $1,000 of taxable value), which will raise an estimated $25,135, will be levied in the first year and it is estimated that an annual average of 0.50 mills ($0.50 for each $1,000 of taxable value) over the seventeen (17) years remaining on term of the bonds will be levied to pay principal and interest on the bonds.
