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Proposal Text
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A proposal to amend the State Constitution to increase the sales / use tax from 6% to 7% to replace and supplement reduced revenue to the School Aid Fund and local units of government caused by the elimination of the sales / use tax on gasoline and diesel fuel for vehicles operating on public roads, and to give effect to laws that provide additional money for roads and other transportation purposes by increasing the gas tax and vehicle registration fees. The proposed constitutional amendment would: ·Eliminate sales / use taxes on gasoline / diesel fuel for vehicles on public roads. ·Increase portion of use tax dedicated to School Aid Fund (SAF). ·Expand use of SAF to community colleges and career / technical education, and prohibit use for 4-year colleges / universities. ·Give effect to laws, including those that: o Increase sales / use tax rates to 7%, as authorized by constitutional amendment. o Increase gasoline / diesel fuel tax and adjust annually for inflation, increase vehicle registration fees, and dedicate revenue for roads and other transportation purposes. o Expand competitive bidding and warranties for road projects. o Increase earned income tax credit. Should this proposal be adopted?
Shall Coldwater Community Schools, Branch County, Michigan, borrow the sum of not to exceed Forty-Six Million Five Hundred Fifty Thousand Dollars ($46,550,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing and equipping a new upper elementary school; erecting, furnishing and equipping additions to school buildings; remodeling, furnishing and re-furnishing and equipping and re-equipping school buildings; acquiring, installing and equipping or re-equipping school buildings for instructional technology; purchasing school buses; erecting, furnishing and equipping athletic facility buildings; and preparing, developing, improving and equipping playgrounds, athletic facilities, play fields and sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2015, under current law, is 2.95 mills ($2.95 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-five (25) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 3.63 mills ($3.63 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 $12,280,000. The total amount of qualified loans currently outstanding is $0.00. 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.)
Shall Coldwater Community Schools, Branch County, Michigan, borrow the sum of not to exceed Ten Million Sixty Thousand Dollars ($10,060,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing and equipping an auditorium addition to the High School; erecting, furnishing and equipping a bus garage and a maintenance building; and preparing, developing and improving sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2015, under current law, is 0.60 mill ($0.60 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty (20) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 0.93 mill ($0.93 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 $12,280,000. The total amount of qualified loans currently outstanding is $0.00. 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.)
MILLAGE RENEWAL PROPOSAL BUILDING AND SITE SINKING FUND TAX LEVY Shall the currently authorized millage rate limitation of 1.9 mills ($1.90 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property in Reading Community Schools, Hillsdale and Branch Counties, Michigan, be renewed for a period of 5 years, 2016 to 2020, inclusive, to continue to provide for a sinking fund for the purchase of real estate for sites for, and the construction or repair of, school buildings 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 2016 is approximately $263,257 (this is a renewal of millage which will expire with the 2015 tax levy)?
MILLAGE RENEWAL PROPOSAL BUILDING AND SITE SINKING FUND TAX LEVY Shall the currently authorized millage rate of 3.5 mills ($3.50 on each $1,000 of taxable valuation) which may be assessed against all property in Union City Community Schools, Branch and Calhoun Counties, Michigan, be renewed for a period of 6 years, 2016 to 2021, inclusive, to continue to provide for a sinking fund for the purchase of real estate for sites for, and the construction or repair of school buildings 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 2016 is approximately $455,000 (this is a renewal of millage which will expire with the 2015 tax levy)?
