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Proposal Text
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For the purpose of creating a local fund to provide housing to families with children of low income who are homeless or at risk of homelessness, shall the limitation on the amount of taxes which may be imposed on taxable property in Kalamazoo County be increased by 0.10 mills, being 10 cents ($0.10) per thousand dollars ($1,000) of taxable value on all taxable property in Kalamazoo County for a period of six (6) years, being 2015 to 2020, inclusive? It is estimated that 0.10 mills would raise approximately $817,100 when first levied in 2015.
Shall the Charter of the City of Portage, Michigan, be amended by adding a new Section 5.14 to Chapter 5, entitled
Shall the limitation on general ad valorem taxes in Charleston Township imposed under Article 9, Section 6 of the Michigan Constitution be increased by no more than 1.0 mill ($1.00 per $1,000 of taxable value) and shall such increase be levied for ten years in 2015-2024 inclusive on all taxable real and personal property in Charleston Township for disbursement to Charleston township for the purpose of funding maintenance/improvement of public roads in Charleston Township for the purpose of funding maintenance/improvement of public roiads in Charleston Township in coordination with the Kalamazoo County Road Commission.
Shall Galesburg-Augusta Community Schools, Kalamazoo County, Michigan, borrow the sum of not to exceed Fourteen Million Dollars ($14,000,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: remodeling, equipping and re-equipping and furnishing and refurnishing school buildings; acquiring, installing, and equipping or re-equipping school buildings for instructional technology; erecting, furnishing and equipping athletic structures; and preparing, developing, improving and equipping athletic facilities and fields and sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2016, under current law, is 3.35 mills ($3.35 on each $1,000 of taxable valuation), for a new 0.95 mill increase over the prior year's levy. 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 3.49 mills ($3.49 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 $11,335,000. The total amount of qualified loans currently oustanding is $0. The estimated computed millage rate may change based on changes in certain circumstances. (Pursuant to State law, expenditure of bond procees must be audited, and the proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
Shall the Portage Public Schools, County of Kalamazoo, Michigan, borrow the principal sum of not to exceed One Hundred Twenty-Eight Million Dollars ($128,000,000) and issue its general obligation unlimited tax bonds for the purpose of defraying the cost of: *Constructing replacements for Central and North Middle School buildings and/or additions to and remodeling of existing School District Buildings, including West Middle School; *Improving and developing sites, including traffic flow and other safety improvements, and relocating athletic fields and structures at the high school campuses in the School District; *Constructing a replacement pool as a new building or addition on each of the high school campuses; *Furnishing, refurnishing, equipping and reequippping School District buildingsm abd acquiring school buses; and *Acquiring and installing instructional technology, technology infrastructure and equipment in and connecting new and existing school buildings? The estimated millage increase over the 2015 debt levy for proposal 1 in 1.23 mills and for proposals one and 2 combined is 1.55 mills. The debt millage levy required to retire all bonds of the School District currently outstanding and proposed by this ballot proposal is estimated to be at or below 6.53 mills. The estimated millage to be levied in 2016 to service this issue is 3.05 mills ($3.05 per $1,000 of taxable value). The bonds may be issued in one or more series, payable in the case of each series in not to exceed 25 years from the date of issue of such series. (Under State law, bond proceeds may not be used to pay teacher or administrator salaries, routine maintenance or repair costs or other School District operating expenses.)
Shall the Portage Public Schools, County of Kalamazoo, Michigan, borrow the principal sum of not to exceed Sixteen Million Dollars ($16,000,000) and issue its general obligation unlimited tax bonds for the purpose of defraying the cost of acquiring, improving, developing and equipping sites, including multipurpose outdoor athletic and performance facilities and structures at the Central and Northern High School campuses, in the School District? The debt millage levy required to reqire all bonds of the School District currently outstanding and proposed by this ballot proposal is estimated to remain at 5.30 mills. The estimated millage to be levied in 2016 to service this issue of bonds is 0.9 mills ($.90 per $1,000 of taxable value). The estimated millage increase over the 2015 debt levy for proposals 1 and 2 combined is 1.55 mills. The estimated simple average annual millage rate required to reitre the bonds of this issue is .33 mills ($.33 per $1,000 of taxable value). The bonds may be issued in one or more seried, payable in the case of each series in not to exceed 25 years from the date of issue of such series. (Under State law, bond proceeds may not be used to pay teacher or administrator salaries, routine maintenance or repair costs or other School District operating expenses.)
