Cedar Springs City Community Projects Levy Increase Proposal (November 2012)
This measure proposed to authorize a new levy of 0.25 mill ($0.25 per $1,000 of assessed taxable valuation) for 5 years to fund the many community services including recreational and educational projects. The estimated first year revenue from this tax was estimated to be $18,115.
The following are election results for the measure:
|Cedar Springs City Community Projects Levy Proposal|
Results via Kent County, Michigan November 2012 General Election.
Text of measure
Language on the ballot:
|“|| Shall the City of Cedar Springs be authorized to levy a new additional millage upon the taxable value of all property subject to ad valorem within the City in an amount not to exceed 0.25 mill ($0.25 per $1,000 of taxable value) for a period of five (5) years, 2012 through 2016, inclusive, to provide funds to publicize the industrial, commercial, educational, and recreational advantages of the City, and to support recreational and educational projects including community events in order to increase investment and business in the City, pursuant to Public Act No. 359 of 1925, as amended?
The following is for informational purposes:
This millage, if approved, would raise an estimated $18,115 in the first year of the levy. To the extent required by law, a small portion of the total revenues from the levy of this millage (approximately 2.4% in the fisrt year of the levy) will be captured within the district of and disbursed to the City of Cedar Springs Local Development Finance Authority.