Madison School District Operating Tax Levy Renewal Proposal (May 2013)
This measure authorized the Madison School District to renew an operating property tax levy of 19 mills ($19 per $1,000 of assessed valuation) for 4 years. The estimated first year revenue from this tax is $1.93 million.
|Madison School Proposal|
Text of measure
Language on the ballot:
|“||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 Madison School District, Lenawee County, Michigan, be increased by 19 mills ($19.00 on each $1,000 of taxable valuation) for 4 years, 2013 to 2016, inclusive, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2013 is approximately $1,930,000 (this is a renewal of millage which expired with the 2012 tax levy and will be levied only to the extent necessary for the school district to receive its full revenue per pupil foundation allowance)?
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- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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