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Proposal Text
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Shall Alamo Township impose an increase of up to 1.5 mills ($1.50 per $1,000 of taxable value) in the tax limitation imposed under Article IX, Sec. 6 of the Michigan Constitution and levy it for 10 years, 2017 through 2026 inclusive, to provide additional funds to be allocated for emergency services, which may include ambulance, fire and police services (operations and equipment), which 1.5 mills increase will raise an estimated $196,410 in the first year the millage is levied?
This proposal, if approved by voters, would allow the Township of Pavilion to levy a new additional millage to fund dire protection services and equipment for the Township of Pavilion, Kalamazoo County. Shall the voted increase in the authorized Township Millage for the Township of Pavilion, which may be assessed on all tacable property as defined by law within the Township, be increased by one and one-half (1 1/2) mill ($1.50 per $1000.00 of taxable valuation) for a period of five years, 2017 through 2021, inclusive, for the purpose of funding appropriate staffing for a full time fire department, funding for weekend shifts, vacation periods, for facility upgrades, major equipment and future apparatus purchases; the cost in whole for operating and maintaining the Pavilion Township Fire Department, is estimated to raise, in the first year of levy, an estimated $299,076.53?
Shall Otsego Public Schools, Allegan, Kalamazoo and Van Buren Counties, Michigan, borrow the sum of not to exceed Six Million Nine Hundred Sixty Thousand Dollars ($6,960,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of: Erecting, furnishing and equipping an early childhood center; preparing, developing, equipping and improving a playground and the early childhood center site; acquiring, installing and equipping school facilities with instructional technology; and furnishing, refurnishing, equipping and re-equipping school facilities? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2018, under current law, is 0.94 mill ($0.94 on each $1,000 of taxable valuation) for a -0- mill net increase over the prior year's levy. the maximum number of years the bonds of any series maybe outstanding, exclusive of any refunding, is thirty (30) years. The estimated total principal amount of that borrowing is $2,572,599 and the estimated total interest to be paid thereon is $6,528,422. the estimated duration of the millage levy associated with that borrowing is 21 years and the estimated computed millage rate for such levy is 7.50 mills. the estimated computed millage rate may change based on certain circumstances. The total amount of qualified bonds currently outstanding is $53,060,000. the total amount of qualified loans currently outstanding is aproximately $2,084,465. (Purusant 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.)
This proposal will allow the school district to continue to levy the statutory rate of not to exceed 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 and renews millage that will expire with the 2017 tax levy. Shall the currently authorized millage rate limitation of 18.5 mills ($18.50 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Vicksburg Community Schools, Kalamazoo and St. Joseph Counties, Michigan, be renewed for a period of 5 years, 2018 to 2022, inclusive, ro provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and 18 mills are levied in 2018 is approximately $1,790,000 (this is a renewal of millage that will expire with the 2017 tax levy)?
